EANS-News: Kapsch TrafficCom AG closes the sale of its stake in ParkJockey Global Inc.

Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

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Vienna - Kapsch TrafficCom sold its stake in ParkJockey Global Inc., USA. The transaction is expected to cause a positive one-time effect in financial income of about EUR 5 million.

Kapsch TrafficCom has held a stake in ParkJockey since 2016. The company provides intelligent off-street parking solutions. With an increasing integration of additional non-transportation services by ParkJockey, the strategic contribution to Kapsch TrafficCom core business was being diluted. An offer by ParkJockey to buy back the shares held by Kapsch TrafficCom was consequently accepted.

end of announcement euro adhoc

issuer: Kapsch TrafficCom AG
Am Europlatz 2
A-1120 Wien
phone: +43 1 50811 1122
FAX: +43 1 50811 99 1122
mail: ir.kapschtraffic@kapsch.net
WWW: www.kapschtraffic.com
ISIN: AT000KAPSCH9
indexes:
stockmarkets: Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/411/aom

Rückfragen & Kontakt:

Press contact:
Alf Netek
Chief Marketing Officer & Press Officer
Kapsch Aktiengesellschaft
Am Europlatz 2
1120 Vienna
Austria
T +43 50 811 1700
alf.netek@kapsch.net

Alexandra Vieh
Head of Marketing and PR, Global
Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna
Austria
T +43 50 811 1728
alexandra.vieh@kapsch.net

Investor Contact:
Hans Lang
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2
1120 Wien
Österreich
T +43 50 811 1122
ir.kapschtraffic@kapsch.net

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | CNE0001