FILE PHOTO: The logo of the software company TeamViewer AG will be displayed during the IPO of TeamViewer on the Frankfurt Stock Exchange on September 25, 2019 in Frankfurt. REUTERS / Ralph Orlowski
BERLIN (Reuters) – The German software company Teamviewer announced on Tuesday that it has signed a five-year sponsorship deal with the Mercedes Formula 1 and Formula E teams following the latest jersey contract with the football club Manchester United.
TeamViewer, a remote connectivity provider, is shown on both the cars and the racing suits of the drivers of the Mercedes-AMG Petronas F1 team, led by world champion Lewis Hamilton and the Mercedes EQ Formula E team.
Goeppingen-based Teamviewer said the cost of the deal was factored into the latest downward revision of its profit margin forecast for this year when it announced its shirt deal with Manchester United earlier this month.
Reporting by Douglas Busvine; Adaptation by Caroline Copley
The post Teamviewer in a five-year sponsorship contract with Mercedes F1 and FE teams first appeared on monter-une-startup.
