B&C has acquired a 9% stake in TTTech for an undisclosed sum, guaranteeing that the TU Wien spinout will continue to be majority-owned by Austrian shareholders.
Industrial holding group B&C has bought a 9% stake in TTTech, an Austria-based networked safety control systems developer spun out from TU Wien.
Financial terms of the transaction have not been disclosed. B&C acquired the stake through its investment arm B&C Innovation Investments.
TTTech was spun out from TU Wien, which then operated under the international brand of Vienna University of Technology, in 1998. The spinout has developed networked safety control systems to make industrial and transport electronics systems safer…
