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Kapsch TrafficCom closes sale of public transport business in Spain.

EQS-News: Kapsch TrafficCom AG / Key word(s): Mergers & Acquisitions/Disposal
Kapsch TrafficCom closes sale of public transport business in Spain.
17.01.2023 / 11:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

Kapsch TrafficCom closes sale of public transport business in Spain.

As already published on August 29, 2022, Kapsch TrafficCom agreed to sell the Spanish public transport business unit, bundled in the group company "Arce Mobility Solutions", to the technology company Kontron. The transaction was subject to regulatory approvals and has now been closed.

The purchase price is in line with management expectations and amounts to EUR 7.6 million. Kapsch TrafficCom will generate an other operating income of EUR 5.8 million from this transaction, which will be included in the results on the third quarter of 2022/23.

Details on the results for the first three quarters of 2022/23 will be published on February 22, 2023.

More information: Announcements | Kapsch TrafficCom

 

Kapsch TrafficCom is a globally renowned provider of transportation solutions for sustainable mobility with successful projects in more than 50 countries. Innovative solutions in the application fields of tolling, tolling services, traffic management and demand management contribute to a healthy world without congestion.

With one-stop-shop-solutions, the company covers the entire value chain of customers, from components to design and implementation to the operation of systems.

Kapsch TrafficCom, headquartered in Vienna, has subsidiaries and branches in more than 25 countries and is listed in the Prime Market segment of the Vienna Stock Exchange (ticker symbol: KTCG). In its 2021/22 financial year, 4,220 employees generated revenues of about EUR 520 million.

 

Press contacts: 

Carolin Treichl
Executive Vice President
Marketing & Communications
Kapsch Aktiengesellschaft
Am Europlatz 2
1120 Vienna, Austria
T +43 50 811 1710
carolin.treichl@kapsch.net


 
Sandra Bijelic
Head of Corporate Communications
Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna, Austria
T +43 50 811 1720
sandra.bijelic@kapsch.net

Investor contact:
 
Marcus Handl, Valerie Riegler
Investor Relations team
Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna, Austria
T +43 50 811 1122
ir.kapschtraffic@kapsch.net

 

Further information: www.kapsch.net/ktc
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17.01.2023 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com

Language:

English

Company:

Kapsch TrafficCom AG

Am Europlatz 2

1120 Vienna

Austria

Phone:

+43 50811 1122

Fax:

+43 50811 99 1122

E-mail:

ir.kapschtraffic@kapsch.net

Internet:

www.kapschtraffic.com

ISIN:

AT000KAPSCH9

WKN:

A0MUZU

Listed:

Vienna Stock Exchange (Official Market)

EQS News ID:

1536349


 

End of News

EQS News Service

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