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…

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