TTTech has successfully sold its strategic stake in TTTech Auto to NXP. EY and EY Law acted as sell-side advisors for TTTech in this transaction and provided comprehensive support in the preparation of financial, tax, and legal factbooks. At the center of this was an integrated consulting approach that covered financial, tax, and legal aspects.
The transaction team included Dieter Schalko (Financial), Bianca Czigler-Reisner (Tax), and Mario Gall (Law), who were in the lead, as well as specialists from the financial sector, represented by Jakob Al-Bayyati and Daniel Mehring, who worked closely with tax specialist Andreas Sauer and the EY Law team, including attorneys Isabella Ladstätter, Denisa Boeck, and Sonam Schima. The transaction team was also supported by a number of advisors from EY and EY Law’s international network.
The transaction volume amounts to 625 million US dollars. With this step, TTTech Auto, together with NXP, aims to further advance the development of safety-critical and AI-based systems for software-defined vehicles (SDV), while TTTech strengthens its technology investments in its core business and continues to develop its portfolio of autonomous and intelligent digital solutions for mobile machinery, aerospace, industry, and energy IoT (Internet of Things). Through interdisciplinary collaboration, a smooth process was ensured, and TTTech was comprehensively and professionally supported.
