Samsung acquires ZF’s driver-assistance business for $1.77 bil.

Samsung Electronics’ audio electronics unit, Harman International, acquired the advanced driver assistance system (ADAS) business of Germany’s ZF Friedrichshafen, accelerating the company’s push into the electric auto parts sector. Samsung Electronics said Tuesday it has signed a contract with the German company to take over the ADAS business at 1.5 billion euros ($1.77 billion). The deal is expected to close next year. This marks Samsung Electronics’ first mergers and acquisitions move in the automotive sector since acquiring Harman in 2017, and follows a string of takeovers announced this year, including Germany’s FlaktGroup in climate control, the ADAS business, the audio business of U.S.-based Masimo and U.S. digital health firm Xealth. ZF is one of the world’s leading electric auto parts makers, with its ADAS business leading the global market for smart cameras for driver assistance. Samsung Electronics said the takeover will accelerate Harman’s entry into the fast-growing ADAS market by securing key technologies and products that play a central role in driver assistan