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Dorda and Eisenberger & Herzog Advise TTTech on Partnership with Samsung

Dorda and Eisenberger & Herzog Advise TTTech on Partnership with Samsung

Austria
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Dorda has advised Austria's TTTech group on a strategic partnership with Samsung regarding the development of technologies for automated driving. Eisenberger & Herzog advised Samsung on the deal, which is subject to the approval of competition authorities and is expected to be implemented in 2018.

Dorda describes TTTech as "a technology leader in robust networked safety controls," and reports that the company "employs more than 500 people around the world (about 400 people in Vienna, Austria), [with an] annual revenue of the last fiscal year [of] about EUR 75 million."

Samsung will invest EUR 75 million into TTTech as the first investment from its recently announced Samsung Automotive Innovation Fund (SAIF). According to Dorda, "Samsung's future investment complements TTTech's longstanding partnership with AUDI. According to TTTech's founders and executive board members Georg Kopetz and Stefan Poledna, this partnership represents another milestone in the company's history of the past two decades."

Dorda's project team was led by Partner Martin Brodey and included Partners Bernhard Rieder and Jurgen Kittel and Associate Florian Mayer. Austrian competition law matters were handled by Partner Heinrich Kuhnert.

The Eisenberger & Herzog team included Partners Peter Winkler and Nidal Karaman and Associate Peter Steindl, with help from Partners Andreas Zellhofer and Helmut Liebel and Associates Isolde Klinger and Florian Sagmeister. Partner Jana Eichmeyer assisted on Employment matters and Partner Judith Feldner assisted with competition matters.

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