TTTech Automotive and Samsung have completed a strategic partnership
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.
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