SAN MATEO, Calif.--(BUSINESS WIRE)--Nov 7, 2024--
HTEC, an end-to-end digital product development and engineering services company headquartered in San Mateo, announced today the acquisition of eesy-innovation, embedded hardware and software engineering company based in Munich, Germany, and Granada, Spain. This acquisition is part of HTEC’s overall strategy to further enhance its capabilities in embedded and IoT technologies, and AI solutions, creating additional value for clients and providing growth opportunities for the talent of both companies. At the same time, this acquisition further strengthens HTEC’s footprint in the EU, and especially DACH region.
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Since its inception in 2008 in Belgrade, HTEC has been attracting and developing top talent. HTEC’s growing team fuses Silicon Valley-based design thinking with world-class software engineering, supporting global clients with end-to-end digital product development, from strategy and conceptualization to digital product design and sophisticated engineering.
Eesy-innovation, founded in 2015, in Munich, works with some of the most innovative companies in the world, such as semiconductor giant Infineon Technologies. Eesy-innovation has earned its outstanding reputation for developing scalable solutions, transforming innovative ideas into tailored IoT solutions that enhance the intelligence of business of all sizes. From concept engineering to embedded hardware and software development, they provide seamless integration with cloud services and dashboards, as well as the application of artificial intelligence algorithms, covering the entire IoT solution lifecycle.
“I am thrilled to welcome the eesy-innovation team onboard. This partnership is part of HTEC’s broader strategy of expansion and investment in providing embedded and AI solutions to enterprise customers in partnership with largest chip manufacturers such as AMD and others. Joining forces with eesy-innovation, we are expanding our capabilities to deliver broader range of tailor-made solutions that drive innovation and adoption of AI across different use cases and spreading our presence to new markets. As a team, we remain committed to providing exceptional growth opportunities to the professionals we hire worldwide while empowering our customers with the latest technologies so they can innovate rapidly in an ever-changing environment. It brings me great joy to see eesy-innovation become an integral part of the HTEC team.” - said Darko Todorović, VP of Engineering and Delivery at HTEC.
The global success of both companies is a result of their ability to attract exceptional professionals and provide outstanding customer service for their clients, from high-growth start-ups to the Fortune 500.
“For eesy-innovation team, this acquisition brings opportunity for professional development and career growth, collaboration with talent across more than 20 development centers, and the chance to work in different geographies and industries on technically highly demanding projects.” - Günter Maximilian Hefner, founder of eesy-innovation.
By joining forces, HTEC and eesy-innovation will combine their unique strengths, enabling the development of transformative technology for world's top high-tech companies, fast-growing startups, and global enterprises.
ABOUT HTEC
HTEC Group Inc. is a global product development and digital engineering company powering the technological evolution of the world’s most impactful organizations—from disruptive startups to the Fortune 500. HTEC combines premium engineering expertise with remarkable creativity, enabling its customers to innovate, design, and develop disruptive technologies and new digital products and platforms across different industries.
ABOUT eesy-innovation
Eesy-innovation, company based in Munich, Germany, and Granada, Spain, provides comprehensive services that enhance the intelligence of businesses of all sizes. They deliver reliable quality by transforming innovative ideas into tailored IoT solutions through a collaborative approach. Their expertise encompasses research, development, integration, and execution, guiding you through the implementation of your vision. By fostering collaboration among their teams, they ensure optimal quality and rapid solutions that help clients achieve their key objectives. Their offerings include end-to-end solutions for complete sensor data capture, standardization, analysis, and real-time data visualization, all under our 360° Smart Solution initiative. From concept engineering to embedded hardware and software development, they provide seamless integration with cloud services and dashboards, as well as the application of AI algorithms, covering the entire IoT solution lifecycle.
Photo: Darko Todorović (VP of Engineering & Delivery, HTEC), Katarina Urošević (Chief of Staff, HTEC), Srđan Jovanović (VP of People, HTEC), Cuc Huynh-Le (Head of Finance and HR, eesy-innovation), Günter Maximilian Hefner (Founder, eesy-innovation), Anja Majstorović (Managing director, eesy-innovation) (Photo: Business Wire)
WASHINGTON (AP) — The nation's top trade representative said Tuesday that President Donald Trump’s sweeping tariffs are already getting results, bringing other countries to the negotiating table to discuss reducing their trade barriers.
U.S. Trade Representative Jamieson Greer addressed the Senate Finance Committee a day after global markets swung wildly and some business leaders lambasted the president's aggressive bid to raise tariffs on almost every nation on earth.
Greer testified that “about 50'' countries have sought talks to escape Trump's import tariffs. He said, for example, that Vietnam is cutting its own tariffs on apples, almonds and cherries. The import taxes are designed to reduce America's massive trade deficits, but Greer conceded that it will take time and that the adjustment might ”be challenging at times.''
Lawmakers, including Republicans, are getting jittery about Trump's trade wars, especially since stocks collapsed after he announced broad tariffs last Wednesday. The market rebounded Tuesday on hopes that negotiations will convince the president to lower or suspend the tariffs, the biggest of which are set to take effect at midnight Wednesday.
“It seems like we’ve decided to begin a trade war on all fronts,″ said Republican Sen. Thom Tillis of North Carolina. He said he wanted to know who in the Trump administration he should hold responsible — and choke — if the tariffs fail and Americans suffer. “I wish you well,″ he told Greer. ”But I am skeptical.’’
Several senators demanded that Greer explain what the administration was seeking to accomplish. At various times, Trump has said the tariffs were meant to raise money for the Treasury, bring manufacturing back to the United States, protect domestic industries and get other countries to make concession.
“What is the plan?’’ said Sen. Ron Wyden of Oregon, top Democrat on the committee. “In the last week, the White House has been all over the map when it comes to these tariffs. There is no clear message about how they were determined, what they’re supposed to accomplish, how long they will be in place, whether they’re a negotiating tool or a move to try and cut the United States off from global trade and usher in a new era of 1870s-style protectionism.’’
Sen. Chuck Grassley, R-Iowa, said he would oppose the tariffs if they are intended only to raise revenue for the federal government, and not to open foreign markets to American exports.
The Constitution gives Congress authority to set taxes, including tariffs. But lawmakers have gradually ceded that authority to the White House.
Trump has been especially aggressive about using the powers of the presidency to impose his trade agenda. He claimed emergency authority to impose his massive tariffs last Wednesday. He earlier used the same powers to hit Chinese, Canadian and Mexican imports.
Trump also has bypassed Congress to tax steel, aluminum and auto imports on the grounds that they pose a national security threat to the United States.
Now lawmakers — including some Republicans — are suggesting that Congress needs to reassert its authority over trade.
“Donald Trump’s aimless, chaotic tariff spree has proven beyond a doubt that Congress has given far too much of its constitutional power over international trade to the executive branch,” said Sen. Ron Wyden of Oregon, top Democrat on the finance committee. "It is time to take that power back.''
Grassley, the Iowa Republican, and Democratic Sen. Maria Cantwell of Washington last week introduced legislation that would require presidents to justify new tariffs to Congress. Lawmakers would then have 60 days to approve the tariffs. Otherwise, they would expire.
Senate Majority Leader John Thune showed no sign that he would allow a vote on a bipartisan bill that would exert congressional oversight of Trump’s tariffs.
“I don’t think that has a future,” Thune said of a bill from Grassley and Cantwell.
AP Writer Lisa Mascaro contributed to this report.
U.S. Trade Representative Jamieson Greer testifies before the Senate Finance Committee on Capitol Hill in Washington, Tuesday, April 8, 2025. (AP Photo/Mark Schiefelbein)
U.S. Trade Representative Jamieson Greer testifies before the Senate Finance Committee on Capitol Hill in Washington, Tuesday, April 8, 2025. (AP Photo/Mark Schiefelbein)
U.S. Trade Representative Jamieson Greer testifies before the Senate Finance Committee on Capitol Hill in Washington, Tuesday, April 8, 2025. (AP Photo/Mark Schiefelbein)
U.S. Trade Representative Jamieson Greer testifies before the Senate Finance Committee on Capitol Hill in Washington, Tuesday, April 8, 2025. (AP Photo/Mark Schiefelbein)
U.S. Trade Representative Jamieson Greer testifies before the Senate Finance Committee on Capitol Hill in Washington, Tuesday, April 8, 2025. (AP Photo/Mark Schiefelbein)
U.S. Trade Representative Jamieson Greer testifies before the Senate Finance Committee on Capitol Hill in Washington, Tuesday, April 8, 2025. (AP Photo/Mark Schiefelbein)
U.S. Trade Representative Jamieson Greer testifies before the Senate Finance Committee on Capitol Hill in Washington, Tuesday, April 8, 2025. (AP Photo/Mark Schiefelbein)
U.S. Trade Representative Jamieson Greer testifies before the Senate Finance Committee on Capitol Hill in Washington, Tuesday, April 8, 2025. (AP Photo/Mark Schiefelbein)
U.S. Trade Representative Jamieson Greer testifies before the Senate Finance Committee on Capitol Hill in Washington, Tuesday, April 8, 2025. (AP Photo/Mark Schiefelbein)
U.S. Trade Representative Jamieson Greer testifies before the Senate Finance Committee on Capitol Hill in Washington, Tuesday, April 8, 2025. (AP Photo/Mark Schiefelbein)
