OREANDA-NEWS. In pursuing its strategy to optimize its degree of vertical integration Daimler sold 65% of its engineering subsidiary MBtech to AKKA Technologies in 2012.

AKKA is a leading Engineering Service Provider in Automotive, Aerospace, Defense and Transportation Industries and follows with this acquisition its strategy to build a strong, diversified and efficient Engineering Service Provider.

After two years of ongoing transformation, MBtech has increased its level of competence and competitiveness which already positioned it as one of the best performer on the market. The company will continue to sharpen the competencies it will bring to its customers, and to improve its productivity.

Based on these facts, MBtech is entering in a new momentum in its relationship with its main client Daimler with whom the business volume will rise again in Germany as well as in the Rest of the World benefitting from international business opportunities. Consequently, revenues generated by providing engineering services to Daimler will strategically be reinforced in order to support the company's future growth in the months and years to come.

On the ground of this solid base, MBtech together with the AKKA group will enter into the second phase of its transformation and reinforced significantly its actions toward diversification, in order to build one of the best engineering supplier.

AKKA Technologies and Daimler are very confident in the success of this new step and confirm their full commitment in the achievement of these goals.