TTTech Computertechnik AG and Samsung Electronics Co. Ltd. have completed a strategic partnership in which Samsung has made a US$90 million strategic investment in TTTech. This is the first investment from its recently announced Samsung Automotive Innovation Fund (SAIF) and highlights the company’s commitment to bringing safer cars to the road and ushering in the next generation of mobility.
TTTech is a global leader in the field of robust networking and safety controls. The company's solutions improve the safety and reliability of electronic systems in the industrial and transportation sectors, with a portfolio of products that are helping to make the Industrial Internet of Things and autonomous driving, a reality. Due to the proven platform-based architecture, TTTech's solutions enable simple system integration with shorter time-to-market and significant cost reductions for customers. The company's products support highly scalable and modular open real-time architectures based on Deterministic Ethernet, including the upcoming IEEE TSN and the established SAE Time-Triggered Ethernet standard.
Oaklins' team in Austria acted as the exclusive financial advisor to TTTech in this transaction and supported the negotiations throughout the process.
Georg Kopetz, member of the Board at TTTech, commented: "We have greatly enjoyed working with Oaklins' Austrian team over the years and closing many M&A transactions. This time, we have entered into a partnership with one of the leading technology conglomerates worldwide which is extremely bullish in the automotive industry, especially in the field of connected car technology. We are looking forward to challenging ventures and are pleased to have the team on our side as professional financial advisor."
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