German Motor Firm In Talks To Buy Israel’s Argus Cyber Security
October 31, 2017 | German automotive firm Continental is in advanced talks to buy Israel’s Argus Cyber Security firm for a reported $400 million, according to reports in the Hebrew press. Argus, founded in 2013, specializes in “end-to-end” security solutions that protect “smart” cars from hackers and malicious software and is said to be one of the only companies working to come up with cybersecurity solutions for a future autonomous car. Continental is the world’s second-largest supplier of car parts with some $40 billion in annual sales. Argus and Continental already collaborate and earlier this month “jointly launched a technology for delivering over-the-air vehicle software updates with Continental subsidiary Elektrobit,” according to Automotive News. Argus and Continental have declined to comment on the expected sale.