Regulatory Filings • May 31, 2013
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Corporate | 31 May 2013 16:23
Funkwerk AG sells Funkwerk Information Technologies York Limited
Funkwerk AG / Key word(s): Disposal
31.05.2013 / 16:23
PRESS RELEASE
Funkwerk AG sells Funkwerk Information Technologies York Limited
Focusing strategy continues
Kölleda, 31 May 2013 – Funkwerk AG, Kölleda, today sold its British arm, Funkwerk Information Technologies York Limited. The subsidiary was taken over by the Canadian Trapeze Group, a global leader in the supply of advanced software solutions and intelligent transport systems that consider the full 360 degrees of passenger transport. The Trapeze Group has operations in Europe, North America and Southeast Asia.
Signing today’s contract signifies a further step in the strategic reorientation process of Funkwerk to focus on its two core business segments, Traffic & Control Communication (TCC) and Security Communication (SC).
Funkwerk Information Technologies York Ltd. had been a fully-owned subsidiary of Funkwerk Information Technologies GmbH, Kiel, which in turn is wholly owned by Funkwerk AG in Kölleda, Germany.
Funkwerk York, which currently employs 27 people, specialises in software solutions for rail operations planning, simulation and management. The systems assist customers, which include global train operating companies and infrastructure operators, with timetable planning, the simulation of rail operations, fleet planning, and resource management.
For further information please contact:
Funkwerk AG
Im Funkwerk 5
99625 Kölleda/Thuringia
Germany
Kerstin Schreiber
Tel: +49 3635 458 500
Fax: +49 3635 458 399
E-mail: [email protected]
End of Corporate News
31.05.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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| Language: | English |
| Company: | Funkwerk AG |
| Im Funkwerk 5 | |
| 99625 Kölleda | |
| Germany | |
| Phone: | +49 (0)3635 600 0 |
| Fax: | +49 (0)3635 600 507 |
| E-mail: | [email protected] |
| Internet: | www.funkwerk.com |
| ISIN: | DE0005753149 |
| WKN: | 575314 |
| Listed: | Regulierter Markt in München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart; Frankfurt in Open Market |
| End of News | DGAP News-Service |
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| 214263 31.05.2013 |
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