Mercedes-Benz AG is acquiring a minority stake in btv technologies GmbH, a service partner for electronic components in the automotive and consumer goods industries, thereby increasing the security of supply of semiconductors.
Mercedes-Benz has been working with btv technologies since 2021 and is now deepening its collaboration with the logistics partner, which it says has set new standards in terms of transparency, agility and cost efficiency with its “tak model” in supply chain management in the context of the global semiconductor shortage.
Both semiconductor manufacturers and the international automotive industry rely on the services of btv technologies. The company specializes in logistics, programming, quality management, assembly, testing, taping and long-term storage of electronic components.
“By working together with Mercedes-Benz AG, we can accelerate our long-term growth plans and further strengthen our position in the market,” says Julio Ortega, founder of btv technologies.
Maximilian Krane, CEO of btv technologies, adds: “This partnership is a clear sign of confidence in our technology and our team. Together with Mercedes-Benz AG, we want to further develop our innovative solutions and increase security of supply in the automotive industry.”
The parties have agreed not to disclose the financial details of the new investment
Deal rationale
Deepening the partnership opens up opportunities for both partners. For Mercedes-Benz AG, this is a further step in its sustainable semiconductor strategy. The agreement offers new growth opportunities for btv technologies. Sven Vogel, CFO of btv technologies, emphasizes: “This is a profitable step for everyone involved – our customers, suppliers and the entire industry will benefit from this development.”
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