EQS-News: Kapsch TrafficCom AG / Key word(s): Mergers &
Acquisitions/Disposal
Kapsch TrafficCom agrees to sell Spanish public transport business unit to
Kontron
29.08.2022 / 14:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Kapsch TrafficCom agrees to sell Spanish public transport business unit to
Kontron
Vienna, August 29, 2022 – The public transport business unit, bundled in
the group company "Arce Mobility Solutions", is to be sold to the
technology company Kontron.
The transaction is subject to regulatory approvals. The agreed purchase
price is in line with management expectations.
The area of public transport is not part of the strategic core business of
Kapsch TrafficCom, therefore the company has decided to sell this business
unit.
Kapsch TrafficCom acquired the transportation division of Schneider
Electric in 2016. This included, among other things, activities in the
area of public transport (in particular ticket vending machines and access
control) in Spain. In fiscal year 2021/22, this division generated sales
of around EUR 11.2 million and employed more than 115 people.
For Kontron, the transaction represents a welcome opportunity to further
expand the existing business of Kontron Transportation Group in the public
transport segment. "Arce Mobility Solutions" will bring a complementary
extension of Kontron's product portfolio, engineering capabilities and
will also strengthen the Group's presence in the Iberian market, which is
already covered by the rail segment.
Kapsch TrafficCom is a globally renowned provider of transportation
solutions for sustainable mobility with successful projects in more than
50 countries. Innovative solutions in the application fields of tolling,
tolling services, traffic management and demand management contribute to a
healthy world without congestion.
With one-stop-shop-solutions, the company covers the entire value chain of
customers, from components to design and implementation to the operation
of systems.
Kapsch TrafficCom, headquartered in Vienna, has subsidiaries and branches
in more than 25 countries and is listed in the Prime Market segment of the
Vienna Stock Exchange (ticker symbol: KTCG). In its 2021/22 financial
year, 4,220 employees generated revenues of about EUR 520 million.
Kontron AG (www.kontron.ag, ISIN AT0000A0E9W5, WKN A0X9EJ, SANT/ since 2
June 2022 KTN) - previously S&T AG - is a growing IoT technology group
with more than 6,000 employees and subsidiaries in 32 countries around the
world. The company is listed on the TecDAX® and SDAX® of the German Stock
Exchange and is one of the leading providers of smart solutions for a host
of industries.
With a well-known brand and its own technologies in the fields of smart
factory, railway communication systems, communication solutions and smart
energy, Kontron is the well-trusted partner helping businesses undertake
their digital transformation journeys in a wide range of industries to
achieve their future ambitions.
With its brand S&T, the company is one of the leading IT service providers
in Central and Eastern Europe offering a comprehensive range of IT
services including datacenter and SAP operations, workplace management, IT
security or IT consulting.
Press contact:
Carolin Treichl Ingrid Riegler
Executive Vice President Marketing & Head of Corporate Communications
Communications Kapsch TrafficCom AG
Kapsch TrafficCom AG Am Europlatz 2, 1120 Vienna, Austria
Am Europlatz 2, 1120 Vienna, Austria P +43 50 811 1724
P +43 50 811 1710 [2]ingrid.riegler@kapsch.net
[1]carolin.treichl@kapsch.net
Investor contact:
Hans Lang
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
P +43 50 811 1122
[3]ir.kapschtraffic@kapsch.net
Further information: [4]www.kapsch.net/ktc
Follow us on [5]Twitter and [6]LinkedIn
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29.08.2022 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
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Language: English
Company: Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna
Austria
Phone: +43 50811 1122
Fax: +43 50811 99 1122
E-mail: ir.kapschtraffic@kapsch.net
Internet: www.kapschtraffic.com
ISIN: AT000KAPSCH9
WKN: A0MUZU
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1429991
End of News EQS News Service
1429991 29.08.2022 CET/CEST
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