IVU Traffic Technologies AG - M&A Activity 2020

News Details

Ad-hoc | 19 May 2020 14:04

IVU Traffic Technologies AG sells IVU.elect GmbH

IVU Traffic Technologies AG / Key word(s): Disposal/Change in Forecast

IVU Traffic Technologies AG sells IVU.elect GmbH

19-May-2020 / 14:04 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Ad-hoc release pursuant to Article 17 MAR

IVU Traffic Technologies AG

ISIN DE0007448508

Listing: Frankfurt Stock Exchange in the sub-segment of the regulated market with additional post-admission obligations (Prime Standard)

Berlin, 19 May 2020

IVU AG sells IVU.elect GmbH

IVU Traffic Technologies AG, leading supplier of integrated IT solutions for railways and public transport, is continuing to concentrate on its core business and is separating from its business with software for the organisation and holding of elections. The Aachen-based IT service provider vote iT GmbH, an IT service provider that specialises in elections, has now taken over all shares and employees of the wholly owned IVU subsidiary IVU.elect GmbH. A contract to this effect has been signed today by both companies in Aachen. The parties have agreed to not disclose the purchase price.

As a result of the sales proceeds and the course of business, which has so far been little affected by the Corona crisis, IVU is raising its EBIT forecast for the financial year 2020 to over €12.5 million (up to now: over €10 million).

Contact:

Dr Stefan Steck

Public & Investor Relations

IVU Traffic Technologies AG

Bundesallee 88, 12161 Berlin, Germany

T +49.30.85906-0

[email protected]

www.ivu.com

19-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.dgap.de


Language:	English
Company:	IVU Traffic Technologies AG
	Bundesallee 88
	12161 Berlin
	Germany
Phone:	+49 (0)30 85906-0
Fax:	+49 (0)30 85906-111
E-mail:	[email protected]
Internet:	www.ivu.de
ISIN:	DE0007448508
WKN:	744850
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1050569