Ascom sells its Swiss Logistics and Plant Services (LPS) business unit to ADAXYS

Ascom sells its Logistics and Plant Services (LPS) business unit located in Hombrechtikon (Switzerland) to ADAXYS. The about 100 employees in the engineering and manufacturing units of LPS will transfer to ADAXYS.

This move is further evidence that Ascom is focussing its Security Solutions Division as announced in 2007. Since November 2007 LPS has been one of the discontinued operations of Ascom.

ADAXYS will take over the business activities of Ascom's LPS division, in particular the fulfilment and continuation of customer contracts. The entire LPS product portfolio of Ascom will also be transferred to ADAXYS where it will be continued.

ADAXYS (www.adaxys.com), which is headquartered in Mendrisio, today has some 400 employees and has made a name for itself as a Swiss engineering and outsourcing partner in industrial electronics manufacturing with production responsibility. This acquisition will strengthen its position on the Swiss market. Ascom is certain that, in choosing ADAXYS, it has found the right partner and thus a sustainable solution for customers and employees alike. Both parties have agreed not to disclose the price.

Riet Cadonau, CEO of Ascom, says: "We have reached a milestone in our efforts to focus Security Solutions with this customer- and employee-friendly solution. I am confident that we have found a professional partner in ADAXYS."

About Ascom
Ascom is an international solution provider with comprehensive technological know-how in Mission-Critical Communication. The company concentrates on the core areas of Wireless Solutions (high-value, customer-specific on-site communications solutions) and Security Solutions (applications for security, communication and control systems for infrastructure operators, public security institutions and the army). With a wealth of experience in implementing complex projects for discerning customers, Ascom has established itself in important key markets. Offerings range from analysis and consulting to system design and system integration, project management, engineering and implementation, right through to maintenance and support. Ascom registered shares (ASCN) are listed on the SWX Swiss Exchange in Zurich.

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