EANS-News: Kapsch TrafficCom has sold its interest in Fluidtime Data Services (“Fluidtime”).

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

Digital press kit: http://www.ots.at/pressemappe/411/aom