Munich, Germany-based Realtime Technology AG Wednesday announced a capital investment from Siemens Venture Capital GmbH.
RTT AG has experienced continuous double-digit growth since its inception in 1999. The success of RTT’s business model, combined with multiple industrial touch points between RTT and Siemens, drove SVC’s decision to invest in RTT.READ MORE: Detroit Police Department Holds Graduation Ceremony For Recruit Class 2021-G
With more than 400 employees and a global customer base, RTT offers three-dimensional visualization software and services that are in high demand, particularly in the automotive, aviation and consumer goods industries. In the future, RTT plans to invest in extensive process solutions and to expand into other market segments.
“SVC has the means and the know-how to bring RTT to the next level. We look forward to starting this new era of our company’s development, which will offer us additional growth opportunities,” said Ludwig A. Fuchs, RTT co-founder and board member.READ MORE: Here's A Look At Weekend Construction Happening In Metro Detroit
“We are investing in one of the leading companies worldwide in this area which furthermore still has high growth potential. We will use our best endeavors to support the growth of Realtime Technology,” said Ralf Schnell, CEO of Siemens Venture Capital.
RTT has a development office in Royal Oak.MORE NEWS: FDA Approves Longer Shelf Life For J&J COVID-19 Vaccine
(c) 2010, WWJ Newsradio 950. All rights reserved.