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Kudelski S.A. — M&A Activity 2022
Jul 13, 2022
914_iss_2022-07-13_da6737b5-7de5-458d-b138-b96e55ed4886.html
M&A Activity
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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
Santino Rumasuglia
Kudelski Group
Vice President – Head of Investor Relations
+1 480 430 9952
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 |
| End of News | EQS News Service |
1397535 13.07.2022