Safety control equipment maker TTTech has received an undisclosed amount from B&C in return for a 9% equity stake.
Industrial holding group B&C has paid an undisclosed sum for a 9% stake in Austria-based networked safety control systems developer TTTech through its investment arm B&C Innovation Investments.
TTTech has developed networked safety control systems to make industrial and transport electronics systems safer and more reliable. It was spun out from TU Wien, the university then known as Vienna University of Technology, in 1998.
The company established a new subsidiary called TTTech Auto earlier this month that will focus on…
