Realtime Technology (RTT), a Germany-listed 3D visualization software company, sells stake to industrial peer Siemens.
Siemens Venture Capital, the corporate venturing division of Germany-based industrial conglomerate Siemens, has taken a minority stake in Realtime Technology (RTT), a Germany-listed 3D visualization software company.
In December RTT, which helps customers including car maker Audi (pictured), added its products to Siemens’ data management PLM Software.
RTT has had continuous double-digit growth since its inception in 1999 and has other "industrial touch points" with Siemens, the company said in a statement.
Ralf Schnell, chief executive of Siemens Venture Capital, said: "We are investing in one of the leading companies worldwide in this area which furthermore still has high growth potential."
The deal is the latest push to add real-time services to Siemens products.
On 18 August, Calypso Medical Technologies, which locates tumours in real-time, signed a non-exclusive product distribution agreement with Siemens Healthcare for the sale of its main product in Europe for three years.
