Engineering specialist in-tech is targeting growth: The company
intends to become a leading provider of digitization for the automotive
and industrial sectors. The firm from Garching, Germany has identified a
strong investor to make that growth possible: Chinese firm BDStar, which on Friday announced the acquisition of a 50% stake in in-tech.
The management team and organizational structures at in-tech are
unaffected by the change: Founders and managing partners Bastian
Friedrich and Christian Wagner will retain their roles, leading a proven
management team with a continued mandate to make all key decisions.
“We want to see in-tech continue to grow successfully in Europe and the US,” Bastian Friedrich explains. The investment by BDStar will allow in-tech to grow its global revenues by a factor of five in the next five years, to roughly 500 million euros.
“We are predicting sustained growth, both organically and in guided
directions,” Friedrich promises. The founding duo also intends to invest
in new products and technological know-how.
Solutions provider at the junction between engineering and software
in-tech intends to establish itself as a solutions provider at the
junction between engineering and software, working in key areas such as
autonomous driving, electro-mobility and industry 4.0.
“Our customers are going to be focused on the mega-trends of
autonomous driving and electromobility in the coming years. Anyone
hoping to support them will need to provide engineering skills with
software know-how,” Christian Wagner explains.
The company is thus building on its position as a provider of
software solutions in the automotive field. The internal software
development team is expected to grow from its current headcount of 150
to roughly 500 employees in the next three years.
As experts in intelligent securing of vehicle functions, the company
already offers hardware and software solutions such as its innovative
HiL system and patented orangeSwitch to optimize test bench loads.
in-tech is also working on products and services for the Industry 4.0
area, including mobile monitoring of production facilities.
“We’ll be working together with BDStar to
invest more heavily in those solutions,” says Christian Wagner. “The
goal is to provide our customers with even more innovative products and
services related to digitization.”
BDStar is a leading provider of hardware and
industrial applications for satellite navigation and positioning. The
Beijing-based company was one of the co-developers of the BDS satellite navigation system and has established a reputation as a specialist in positioning solutions.
Beyond its own hardware production, BDStar
also offers complex and innovative services in the field of satellite
navigation — such as for example the networking of fishing fleets,
earthquake prediction and control of fully automated container ports. A
dedicated automotive development center in Shanghai is focused on
navigation and infotainment systems for the automotive field.
Continued growth under proven leadership
“BDStar Founder Ruxin Zhou’s background as a
corporate founder is similar to Bastian Friedrich and myself,” Christian
Wagner says. “We became acquainted over the course of a shared project
and immediately understood that we had the same goals.”
Zhou, himself an engineer, founded BDStar
in 2000, successfully growing it to its current size of roughly 2,600
employees. The Chinese firm now hopes to invest in new technologies for
the European market.
in-tech is a crucial first step in this direction: With a proven
management team and an established brand, in-tech is an excellent
vehicle for growth and expansion into a successful international
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.
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