TTTech Computertechnik AG has raised US$50m from Infineon, GE Ventures, Audi AG and others
TTTech Computertechnik AG has raised US$50 million from Infineon, GE Ventures, Audi AG and others. TTTech is the technology leader in robust networked safety controls. The company intends to use the proceeds to accelerate growth with its safety certified solutions in its core markets as well as to enable new value propositions and global support for its customers in the industrial internet of things and autonomous driving car markets.
TTTech is the technology leader in robust networked safety controls. The solutions and best-in-class products improve the safety and reliability of networked computer systems and are used in various industries such as automotive, aerospace, off-highway, energy production, railway and industrial process automation. TTTech was established in 1998 as a spin-off of the Vienna University of Technology (TU Wien) based on now 35 years of research in Europe and the USA. This extensive research and development work provides a mature basis for the core technology to build applications in safety-critical areas. Today TTTech has offices in ten different countries with more than 400 employees worldwide. Another key element of the company's success is the close cooperation with customers who are innovation leaders in their fields. In addition, TTTech is partnering with dynamic international research institutions to bolster its technology leader position.
Oaklins' team in Austria advised TTTech Computertechnik AG on its recapitalization. The team, who has advised TTech since 1998, prepared the information memorandum, including the business plan and valuated the target company for negotiation purposes, and assisted in the negotiations and the due diligence process, which included structuring of the shareholding portions. Oaklins' team also arranged financing for the founder shareholders to participate in the capital increase.
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