Ascom transfers Civil Security business to SITASYS AG
Ascom is transferring its Civil Security business to SITASYS AG domiciled in Berne. This is the last transaction in the announced move to divest the core business areas of the former Security Communication Division.
Effective 31 July 2012, SITASYS AG will take over from Ascom (Switzerland) AG all rights and obligations pertaining to the Civil Security business unit. All 37 employees will be taken over at their existing location in Berne and transferred to SITASYS AG.
Dr. Fritz Gantert, who was General Manager of the Security Communication Division and a member of the Ascom Executive Board until the end of 2011, is major shareholder and Chairman of the Board of Directors of SITASYS AG. Peter Monte, currently Head of the Civil Security business unit, has been appointed Managing Director of SITASYS.
Civil Security offers specialized solutions for alarming, command and control and in-house communications as well as emergency call systems for public and private security organizations, rescue services and infrastructure operators. The openTAS platform operated by Civil Security provides the basis for solutions offered.
"The transfer of the Civil Security business to SITASYS is a good solution both for our customers and our employees. This transaction concludes the divestment of the former Security Communication Division, and from now on Ascom will focus entirely on its two divisions, Wireless Solutions and Network Testing, with the emphasis on innovative software and hardware products, systems, solutions and services. As a market leader in two global businesses, Ascom is well-positioned to achieve profitable growth thanks to the underlying positive megatrends," says Fritz Mumenthaler, CEO of Ascom.
Ascom is an international solutions provider with comprehensive know-how in healthcare workflows and telecommunications. The company is active in 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). The Ascom Group is headquartered in Switzerland, has subsidiaries in 19 countries and employs around 1,600 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).