EANS-News: Kapsch Group to restructure

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Family business prepares for generational change

Company Information

Vienna - The global technology company Kapsch Group is set to restructure:
Kapsch Group is being repositioned for the next generation of the
entrepreneurial family.

Kapsch Group can look back on a history of almost 130 years. Since its founding,
Kapsch has always been a family-run company - currently in its fourth
generation. Its success is based primarily on the personal commitment of the
entrepreneurial family, the resulting corporate culture and the fact that the
Group has continuously developed and reinvented itself over all these years.

With an eye on the next generation of the Kapsch family and to ensure a smooth
transition to the next generation in the future, it is planned to restructure
the Group.

Kapsch Group will now focus on the companies Kapsch Aktiengesellschaft and
Kapsch TrafficCom. Kapsch Group will be assigned to the sphere of influence of
Elisabeth Kapsch and Georg Kapsch and will remain under the leadership of Georg
Kapsch as CEO as before. The direct shareholdings of KAPSCH-Group Beteiligungs
GmbH in Kapsch TrafficCom AG and the management thereof by Georg Kapsch will not
change as a result.

Kapsch BusinessCom will leave Kapsch Group together with Kari Kapsch. Kari
Kapsch will remain chairman of the supervisory board of Kapsch BusinessCom and
the management board will also remain unchanged with Franz Semmernegg and Jochen
Borenich. It is planned that Invest Unternehmensbeteiligungs Aktiengesellschaft
will join Kapsch BusinessCom as a new partner to support the further expansion
of Kapsch BusinessCom.

The reorganization of Kapsch Group has recently been initiated. As things
progress, regulatory approvals will still be required and completion is expected
in a few months. The restructuring process will have no impact on the employees
and customers of Kapsch TrafficCom, Kapsch Aktiengesellschaft and Kapsch
BusinessCom.

Further inquiry note:
Investor Contact:
Hans Lang
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
T +43 50 811 1122
[email protected]

Press contact:
Carolin Treichl
Executive Vice President Marketing & Communications
Kapsch Aktiengesellschaft
Am Europlatz 2, 1120 Vienna, Austria
T +43 50 811 1710
[email protected]

Ingrid Riegler
Head of Corporate Communications
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
+43 50 811 1724
[email protected]

end of announcement euro adhoc
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issuer: Kapsch TrafficCom AG
Am Europlatz 2
A-1120 Wien
phone: +43 50811 1122
FAX: +43 50811 99 1122
mail: [email protected]
WWW: www.kapschtraffic.com
ISIN: AT000KAPSCH9
indexes:
stockmarkets: Wien
language: English

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

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