Kapsch TrafficCom has sold its interest in Fluidtime Data Services (“Fluidtime”).

02.11.2020, 1244 Zeichen

Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
Mergers - Acquisitions - Takeovers/Joint Ventures/Cooperation/Collaboration
Vienna - As per November 1, 2020, Kapsch TrafficCom sold its 75.5 interest in Fluidtime (Austria) to this company's management. In the future, both companies will pursue separate strategies. However, joint customers will be served based on a sales partnership. This enables Kapsch TrafficCom and Fluidtime to continue offering innovative Mobility-as-a-Service (MaaS) solutions in combination with traffic management solutions.
After the full acquisition of tolltickets (Germany) as per October 1, 2020, this current transaction is a further step taken by Kapsch TrafficCom to focus on strategic business areas.
end of announcement euro adhoc
issuer: Kapsch TrafficCom AG Am Europlatz 2 A-1120 Wien phone: +43 50811 1122 FAX: +43 50811 99 1122 mail: ir.kapschtraffic@kapsch.net WWW: www.kapschtraffic.com ISIN: AT000KAPSCH9 indexes: stockmarkets: Wien language: English
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