Ascom divests its Infrastructure Operators Business
Ascom divests its Infrastructure Operators business to Trans Data Management AG. This transaction is as a part of the announced divestment of the core business units of the former Security Communication Division.
As of 1 April 2012, Trans Data Management AG (TDM) is taking over from Ascom (Switzerland) Ltd. all rights and obligations pertaining to the Infrastructure Operators unit. All 39 employees will be taken over at their existing locations and they transfer to TDM. Trans Data Management AG. is a subsidiary of the British Trans Data Management Ltd., a provider of data and telecom based communication and security solutions, alarm monitoring & management and systems integration. TDM has already distributed Ascom Infrastructure Operators products in the United Kingdom.
The core product of the business unit Infrastructure Operators is NIS Rail/Road, a well established brand in the market. NIS Rail/Road is a sophisticated IP-based communication system including a powerful tool to manage information, emergency calls and peripheral devices such as track side phone, help points, and video surveillance. It is specifically designed for the needs of rail- and highway operators.
The sale of our Infrastructure Operators business to TDM represents a good solution, which takes into consideration the interests of both our customers and our employees.” says Fritz Mumenthaler, CEO of Ascom.
Ascom is a global solutions provider with comprehensive technological know-how in mission-critical wireless communication. The company focuses on the Wireless Solutions (an international market leader for high-value, customer-specific on-site communication solutions and workflow optimization) and Network Testing (a global market leader in testing, monitoring, post processing, and performance optimization for mobile networks) divisions. The Ascom Group is headquartered in Switzerland, has subsidiaries in 19 countries, and employs around 1,700 people worldwide. Ascom registered shares (ASCN) are listed on the SIX Swiss Exchange in Zurich.
This document does not constitute an offer or solicitation to subscribe for, purchase or sell any securities. This document is not being issued in the United States of America or the United Kingdom and should not be distributed in any jurisdiction in a manner where such distribution would not comply with regulatory requirements. In particular, this document may not be distributed into the United States, to United States persons or to publications with a general circulation in the United States. In addition, the securities of Ascom have not been and will not be registered in any jurisdiction outside Switzerland. The securities of Ascom may not be offered, sold or delivered and no solicitation to purchase such securities may be made within the United States or to U.S. persons absent an applicable exemption from the registration requirements of the United States securities laws or within any other jurisdiction and in a manner where such offer, sale, delivery or solicitation might not be in compliance with regulatory requirements (including the United Kingdom).