Investment Supporting TTTech’s Growth Strategy in Automotive and Industrial IoT
May 06 2015 - 6:15AM
Business Wire
TTTech, the technology leader in robust networked safety
controls, announces a strategic partnership with RT-RK d.o.o., one
of the leading IT engineering companies for real-time embedded
systems in Central and Eastern Europe. RT-RK is a long standing
engineering partner of TTTech, especially in the field of
automotive electronics and industrial applications. TTTech is
investing in RT-RK to acquire 35 % of the company’s share capital.
The purchase price has not been disclosed.
Vienna-based technology company TTTech delivers robust networked
control systems based on Deterministic Ethernet, including the
emerging IEEE Time-Sensitive Networking (TSN) standards. These
systems are deployed in particular for automotive, aerospace,
mobile machinery and industrial applications. By investing in one
of the most prominent engineering houses in Southeast Europe,
TTTech is strengthening its position as a leader in the fast
developing market for networking and software solutions in the
Industrial Internet of Things (IoT) and autonomous driving
vehicles. TTTech’s extensive knowledge in these fields has been
proven in various industry leading projects.
“The acquisition of RT-RK shares will allow us to execute
complex engineering intensive projects in our safety-related
markets exceptionally well,” explains Stefan Poledna, co-founder
and member of the executive board at TTTech. “With this investment
we are able to drive our growth strategy in the fields of
Industrial IoT and autonomous operations.”
RT-RK, headquartered in Novi Sad, Serbia, is a global powerhouse
serving customers in Silicon Valley and EMEA. The company currently
employs around 500 engineers and is one of the first companies to
industrialize Android operating systems in the IT market. “RT-RK is
delighted to strengthen the cooperation with TTTech and to welcome
the company as a major investor. We look forward to continuing our
successful work as engineering partners,” says Nikola Teslic,
Deputy General Manager, CTO and co-founder at RT-RK.
TTTechMarco Lehnerpr@tttech.com+43 1 585 34 34 0