mercedes biz 88 298.
(photo credit: Daimler Chrysler via Bloomberg)
Mercedes-Benz Technology, a subsidiary of German automobile giant Mercedes-Benz, met last week with Israeli technology businesses, designers and engineering companies in an effort to forge cooperation deals.
Michael M. Muller, CEO of Mercedes-Benz Technology was in the country to meet with potential Israeli partners, locate local suppliers, as well as to seek out research & development partnerships for future technologies. Among the companies he contacted were Iscar, Elbit, Ortel, 3 DVU and ZOG vehicle design.
At the Mercedes Technology Center, which opened in 2000, developers, designers and engineers work on the product and technology portfolio of the Mercedes-Benz, smart and Maybach brands as well as for DaimlerChrysler.
According to the Israel Export Institute, car industry exports to Germany generated $300 million this year and make up 50 percent of the country's car industry exports, which totaled $600m.
Meanwhile, Deutsche Telekom AG, Germany's leading telecommunications service provider last week entered into a cooperation agreement with the Chief Scientist's Office to support Israeli companies in development of ICT technologies.
Under the terms of the agreement, Deutsche Telekom, which is the fifth global company to sign on to the program, will support Israeli companies that win participation in the program by offering advisory services, assistance in the research & development of technologies and allocation of marketing resources, among other things.