Binder Grösswang advises Aptiv on the sale of TTTech Auto

Binder Grösswang advised Aptiv PLC, together with the global law firm Clifford Chance, on the sale of Aptiv’s equity share in TTTech Auto AG to the Dutch chipmaker NXP Semiconductors NV.

TTTech Auto is a leading provider of platform products and services focusing on system safety and security for the software-defined vehicle (4SDV) and is headquartered in Vienna.

The USD 625 million transaction is subject to customary closing conditions.

The Clifford Chance team for Aptiv was led by partner Mark Aschenbrenner and included partner Volkmar Bruckner and associate Mona Fuchs (all Corporate/Private Equity, Munich).

The Binder Grösswang team consisted of partner Thomas Schirmer, senior associate Christoph Schober and associate Michael Mittermair (Corporate/M&A).