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Kapsch TrafficCom AG
M&A Activity • Jan 17, 2023
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M&A Activity
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News Details
Corporate | 17 January 2023 11:00
Kapsch TrafficCom closes sale of public transport business in Spain.
EQS-News: Kapsch TrafficCom AG / Key word(s): Mergers & Acquisitions/Disposal
Kapsch TrafficCom closes sale of public transport business in Spain.
17.01.2023 / 11:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
Kapsch TrafficCom closes sale of public transport business in Spain.
As already published on August 29, 2022, Kapsch TrafficCom agreed to sell the Spanish public transport business unit, bundled in the group company “Arce Mobility Solutions”, to the technology company Kontron. The transaction was subject to regulatory approvals and has now been closed.
The purchase price is in line with management expectations and amounts to EUR 7.6 million. Kapsch TrafficCom will generate an other operating income of EUR 5.8 million from this transaction, which will be included in the results on the third quarter of 2022/23.
Details on the results for the first three quarters of 2022/23 will be published on February 22, 2023.
More information: Announcements | Kapsch TrafficCom
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.
| Press contacts: Carolin Treichl Executive Vice President Marketing & Communications Kapsch Aktiengesellschaft Am Europlatz 2 1120 Vienna, Austria T +43 50 811 1710 [email protected] |
Sandra Bijelic Head of Corporate Communications Kapsch TrafficCom AG Am Europlatz 2 1120 Vienna, Austria T +43 50 811 1720 [email protected] |
Investor contact: Marcus Handl, Valerie Riegler Investor Relations team Kapsch TrafficCom AG Am Europlatz 2 1120 Vienna, Austria T +43 50 811 1122 [email protected] |
Further information: www.kapsch.net/ktc
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17.01.2023 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com
| Language: | English |
| Company: | Kapsch TrafficCom AG |
| Am Europlatz 2 | |
| 1120 Vienna | |
| Austria | |
| Phone: | +43 50811 1122 |
| Fax: | +43 50811 99 1122 |
| E-mail: | [email protected] |
| Internet: | www.kapschtraffic.com |
| ISIN: | AT000KAPSCH9 |
| WKN: | A0MUZU |
| Listed: | Vienna Stock Exchange (Official Market) |
| EQS News ID: | 1536349 |
| End of News | EQS News Service |