14. June 2022 Press Release

in-tech introduces high-profile advisory board

Corporate Advisory Board consults on strategic decisions

The technology solutions provider in-tech introduces its corporate advisory board. In the future, prominent personalities from the automotive industry will be on hand to advise the company on strategic decisions: With Elmar Frickenstein (Nixdorf, ESG&FEG, BMW), Jörg Grotendorst (Continental, Siemens, ZF, Rheinmetall), Prof. Martin Hobelsberger (Munich University of Applied Sciences), Linda Hoegener (DBAG) and Dr. Stefan Sommer (Continental, ZF, Volkswagen), the advisory board has a top-class membership.

The company's advisory board has an advisory character and will support in-tech's managing directors in strategic decisions in the future. The company has ambitious growth plans and aims to quadruple its sales in the next 5 years: "The advisory board members will support us in strategic growth decisions with their immense wealth of experience and network. As former board members and division managers in the automotive industry or as chair holders, they have an excellent view of the market and technologies and can provide us with valuable strategic assistance for the further expansion of the company," says CEO Christian Wagner. "We are very happy that we were able to win these personalities for our advisory board and are very much looking forward to our joint cooperation."

 in-tech received an investment from DBAG Fund VIII earlier this year, which the company plans to use to finance its growth plans. Growth is to be realized both organically and through corporate acquisitions.

The advisory board members at a glance:

 Elmar Frickenstein

Elmar Frickenstein was active as a computer scientist from the computer industry to aviation and aerospace at BMW for various functions. From 2006 to 2019, he was Senior Vice President for Autonomous Driving and Electrics/Electronics for the BMW, MINI and Rolls Royce brands. In addition to a consistent software focus with Connected Drive and AutoSAR, he has driven the transformation towards autonomous driving. Elmar Frickenstein helped establish and lead the BMW Autonomous Driving Campus in Unterschleißheim. Since 2019, he has been working as an independent consultant.

Jörg Grotendorst

 An electrical engineer, he has led the hybrid and electric vehicle powertrain business units of Continental AG and Siemens AG, as well as the E-Mobility division of ZF AG, among others. This also includes the first series production of a lithium-ion battery for the automotive industry, the establishment of new plants in Germany and other global countries, as well as corresponding partnerships and joint ventures. Most recently, Jörg Grotendorst was the member of the Executive Board of Rheinmetall AG responsible for automotive business and is now active as an investor and consultant.

Prof. Dr. Martin Hobelsberger

Prof. Dr.-Ing. Martin Hobelsberger is professor for embedded systems at the University of Applied Sciences Munich, was co-founder (CEO) of Timing-Architects Embedded Systems GmbH and is member of advisory boards of various technology companies. He is an expert in the field of embedded multi-core systems as well as safety-critical software architectures and is particularly concerned with applications in IoT, Industry 4.0 and autonomous driving.

Linda Hoegener

Linda Hoegener has been working in private equity for over eight years and is a Director in the Investment Team of Deutsche Beteiligungs AG ("DBAG"). Prior to joining DBAG in 2014, she worked at car sharing provider Citeecar, a portfolio company of Mangrove Capital Partners. She started her career in France at ArcelorMittal in Business Development. Linda Hoegener graduated in Mechanical Engineering from the Technical University of Munich and the Universidad Politécnica de Madrid. She also completed an MBA at the Collège des Ingénieurs Paris. During this time she gained valuable experience at BMW AG, AVL List GmbH and the TUM Create Centre for Electromobility in Singapore. Currently she is a member of the advisory board of Dantherm ApS as well as Deutsche Giga Access GmbH.

Dr. Stefan Sommer

Dr. Sommer, who holds a doctorate in engineering, began his career with several professional positions within the Continental Corporation, and was most recently Senior Vice President EBS Customer Center. In 2008, he moved to ZF Sachs AG as Executive Vice President for the Chassis Systems division. At the end of 2011, he became CEO of ZF AG. In 2018, he was appointed to the Group Board of Management of Volkswagen AG in Wolfsburg. At the end of June 2020, Stefan Sommer left Volkswagen at his own request. He is currently Chairman of the Supervisory Board of Jost Werke AG, a member of the Supervisory Board at Knorr Bremse, and a member of the Presidential Council of DEKRA e.V.

About in-tech

in-tech shapes digitalization in the automotive industry, rail transport and industry. The company develops solutions for the automotive, eMobility, transport systems and smart industry sectors. The developers and engineers at in-tech work, for example, on topics such as autonomous driving, electromobility, digital rail or smart industrial production.

The company was founded in 2002 and has been consistently growing ever since. in-tech currently employs around 1700 people at locations in Germany, Austria, the USA, China, the UK, the Czech Republic, Mexico, Spain and Romania. The owner-managed company shines as an excellent employer with an outstanding corporate culture: the company has already received several awards for its good working atmosphere, internal team spirit and excellent work-life balance.

Press contact:

Martin Farjah
Phone: 0531 387 33 22

Christine Oertel, Kerstin Liedtke