Daimler to Sell 65% Stake in MBtech Group

Post date:
Friday, December 9, 2011 - 10:36
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Daimler to Sell 65% Stake in MBtech Group

Daimler entrusts its subsidiary, the MBtech Group, to AKKA Technologies to accelerate its development and innovation potential and to create one of the biggest European engineering consultancies. By gaining a foothold in the German market, one of the most prosperous in Europe, this deal is a major step forward in AKKA Technologies’ strategy, the aim of which is to become the market leader in Europe.

The MBtech Group is a leading international engineering and consulting company, created by Daimler and focusing on the automotive industry. The brand combines all of its products and services into four segments: vehicle engineering, powertrain solutions, electronics solutions and consulting. Based in Sindelfingen, Germany, the company has over 3,500 experts at locations worldwide, including the Czech Republic, Poland and Turkey. In 2010 the MBtech Group generated a turnover of €300 million.

France’s AKKA Technologies has announced the acquisition of a 65% stake in German company MBtech Group. Daimler remains a long-term partner in MBtech Group with 35% of the shares
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