Bertrandt Strengthens Its Expertise In The Mega Trends Of The Automotive And Aviation Sectors With The Acquisition Of The Philotech Group
Bertrandt is consistently advancing its group strategy. With the acquisition of the specialist company Philotech, it is further expanding the growth fields of software, electronics, and IT security.
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For around 35 years now, the Philotech Group has been a specialist for highly demanding, holistic development projects in the fields of software, electronics, and IT security. It provides comprehensive solutions for complex systems for customers from the aviation, automotive, telecommunications, and transportation sectors. In the field of aviation, its core competencies include, for example, flight control systems, avionics systems, and software development, as well as their integration and validation. In the automotive sector, the focus is on autonomous systems, electric mobility and connectivity.
With its know-how and its regional and international operations at sites in Germany, France and Spain, the Philotech Group complements not only Bertrandt’s broad and deep range of services, but also its regional organization.
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“We are very pleased to be able to expand Bertrandt’s range of services with the acquisition of the Philotech Group. Together, we can meet our customers’ requirements in the best possible way. The expansion of our activities in the growth areas of the mobility industry is an important component in Bertrandt’s group strategy” says Michael Lücke, Member of the Board of Bertrandt AG.
“After intensive analyses of potential partners, we see the best prospects with Bertrandt. We are convinced that we will be able to take advantage of the great growth opportunities in the future-oriented developments in aerospace, automotive, and telecommunications together. I am also pleased to be offering the employees of Philotech further perspectives in the increasingly complex and larger requirements of our clients” says Hartwig Dirscherl, Managing Director of the Philotech Group.
The Philotech Group has been very successful in recent years in the cross-sector transformation of its competencies. The closing of the transaction is largely dependent on antitrust approval and is expected for the first quarter of 2022.
No details have been disclosed regarding the agreed purchase price.
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