# AKKA assumes full control of MBtech from Daimler

AKKA has assumed full control of MBtech from Daimler, acquiring the remaining stake to make it a wholly owned subsidiary, to be renamed AKKA GmbH & Co. KGaA. The deal was cleared by the German Federal Cartel Office on August 30, 2018.

- Type: Acquisition
- Announced: 2018-08-30
- Where: Germany
- Status: announced
- Products: engineering services, mobility solutions, electric vehicle systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Daimler](https://endata.com/companies/3543.md) (partner)
- [AKKA Technologies](https://endata.com/companies/18998.md) (acquirer)
- [MBtech Group](https://endata.com/companies/18999.md) (target)

## Sources

- [finanznachrichten.de](https://www.finanznachrichten.de/nachrichten-2018-08/44663759-akka-assumes-full-control-of-mbtech-to-consolidate-its-leadership-position-in-the-german-automotive-market-and-to-establish-its-automotive-center-of-e-004.htm), 2018-08-30: "AKKA's longstanding partner Daimler has agreed to transfer full control of the MBtech Group to be renamed AKKA GmbH Co.KGaA to AKKA for an undisclosed amount."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.