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

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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

cedric.alber@nagra.com

 

Santino Rumasuglia

Kudelski Group

Vice President – Head of Investor Relations

+1 480 430 9952

santino.rumasuglia@nagra.com 


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:

info@nagra.com

Internet:

https://www.nagra.com

ISIN:

CH0012268360

Listed:

SIX Swiss Exchange

EQS News ID:

1397535


 

End of News

EQS News Service

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