Kudelski S.A. - M&A Activity 2022

News Details

Corporate | 13 July 2022 17:45

The Kudelski Group Agrees to Divest its 40% Equity in iWedia

Kudelski Group / Key word(s): Sales Result

The Kudelski Group Agrees to Divest its 40% Equity in iWedia

13.07.2022 / 17:45

Ad hoc announcement pursuant to Art. 53

Cheseaux-sur-Lausanne, Switzerland and Phoenix (AZ), USA – July 13, 2022 – The Kudelski Group (SIX: KUD.S), the world leader in digital security, today announced that it has agreed to sell its 40% equity in iWedia, a provider of tier 1 software solutions for connected TV devices and Android TV.

An agreement, subject to customary closing conditions, has been reached with Zurich-based Reinhart Interactive TV AG to acquire 100% of iWedia.

“This sale is part of the Group’s efforts to divest non-core assets and focus on our core businesses”, said Gilles Rapin, Senior Vice-President, Innovation and Business Development at the Kudelski Group.

The divestment of the 40% equity represents a cash transaction for the Group. Other financial terms were not disclosed.

About the Kudelski Group

The Kudelski Group (SIX: KUD.S) is a world leader in digital business enablement technologies that are built to enable innovation and deliver trust. The four main business divisions of the Group cover end-to-end convergent media solutions to the digital entertainment industry, cybersecurity services for enterprise and government bodies, public access solutions and end-to-end IoT design solutions and full-lifecycle services.

The Kudelski Group is headquartered in Cheseaux-sur-Lausanne, Switzerland and Phoenix (AZ), USA with offices in 32 countries around the world. For more information, please visit www.nagra.com .

Contacts

Cédric Alber

Corporate Communications

Senior Director Public Relations

+41 79 647 61 71

[email protected]

Santino Rumasuglia

Kudelski Group

Vice President – Head of Investor Relations

+1 480 430 9952

[email protected]

End of Media Release


Language:	English
Company:	Kudelski Group
	route de Genève 22-24
	1033 Cheseaux-sur-Lausanne
	Switzerland
Phone:	+41 21 732 01 01
Fax:	+41 21 732 01 00
E-mail:	[email protected]
Internet:	https://www.nagra.com
ISIN:	CH0012268360
Listed:	SIX Swiss Exchange
EQS News ID:	1397535