Samsung Unit to Buy ZF’s Driver Assistance Arm for €1.5 Billion

Samsung Electronics Co.-owned Harman International is buying a key driver-assistance business from Germany’s ZF Group for €1.5 billion ($1.8 billion), as financial stress across Europe’s auto-supplier sector forces companies to rethink their portfolios.

The deal will help secure South Korea’s biggest technology group a leading position in car-use smart cameras through ZF’s radar and automotive computing operations, Harman said Tuesday. Samsung, which acquired Harman in 2017 for $8 billion, has been seeking greater scale in automotive electronics and audio as vehicles become increasingly software-driven.