M&A Activity • Dec 9, 2014
M&A Activity
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Corporate | 9 December 2014 12:57
Funkwerk AG realigns Security Communications segment
Funkwerk AG / Key word(s): Miscellaneous
09.12.2014 / 12:57
PRESSE RELEASE
Funkwerk AG realigns Security Communications segment
– Tectronics Beteiligungsgesellschaft mbH takes over 90 % of Funkwerk Security Communications GmbH in Salzgitter
– Conditions created for future cooperation or investor solutions
Kölleda, 9 December 2014 – Funkwerk AG, Kölleda, today transferred 90 % of its shares in Funkwerk Security Communications GmbH, Salzgitter, (FSC) to Tectronics Beteiligungsgesellschaft mbH; the remaining shares will continue to be held by Funkwerk AG. Funkwerk Videosysteme GmbH (FVS), to date a subsidiary of FSC, will be transferred to another company in the Funkwerk group before the contract is closed. The Video Systems unit therefore will remain fully in the Funkwerk group.
The corporate realignment will be followed by the search for strategic cooperation partners and investors in an effort to advance the internationalisation of FSC to the extent necessary. The segment offers a wide range of prestigious and successfully placed personal emergency call systems and equipment. FSC intends to harness its leading position in Germany more intensively to gain further market shares abroad and increase sales. This will go along with the faster amortisation of development costs and improvements in the technological know-how.
For further information please contact:
Funkwerk AG
Im Funkwerk 5
99625 Kölleda/Thuringia
Germany
Tel: +49 (0)3635 458 500
Fax: +49 (0)3635 458 399
E-mail: [email protected]
Press contact : TIK GmbH, Claudia Wieland, Tel: +49 (0)911 9597871, [email protected]
09.12.2014 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
| Language: | English |
| Company: | Funkwerk AG |
| Im Funkwerk 5 | |
| 99625 Kölleda | |
| Germany | |
| Phone: | +49 (0)3635 458 0 |
| Fax: | +49 (0)3635 458 399 |
| E-mail: | [email protected] |
| Internet: | www.funkwerk.com |
| ISIN: | DE0005753149 |
| WKN: | 575314 |
| Listed: | Freiverkehr in Berlin, Düsseldorf, Hamburg, München (m:access), Stuttgart; Frankfurt in Open Market |
| End of News | DGAP News-Service |
| - - - |
| 303793 09.12.2014 |
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