Ascom divests its Security Communication business in Austria to the Managing Director
Ascom divests its subsidiary Ascom Austria Ges.m.b.H. in a management buy-out to the current Managing Director Peter Bernhofer. This transaction is a part of the announced divestment of the core businesses of the former Security Communication Division.
Ascom Austria Ges.m.b.H. focuses on public safety (public security communication and alarming applications), cash solutions (cash handling, ATM), and traffic solutions (passenger information systems in public transport) in Austria and Eastern Europe. In addition, the company supports the Network Testing and Wireless Solutions business activities in Austria until the transfer of ownership. The company achieved in 2011 revenues in the range of EUR 11 million.
Peter Bernhofer, current Managing Director, acquires the subsidiary Ascom Austria Ges.m.b.H. in a management buy-out as of 1 April 2012. The transaction comprises only the business areas of cash solutions, public security communication, alarming applications and traffic solutions. All related 38 employees will transfer.
The two Ascom divisions Wireless Solutions and Network Testing will continue their successful development of the Austrian market by means of a branch in Austria.
With this MBO, Ascom has found a solution for the Security Communication business in Austria that considers both the interests of our customers and our employees. In particular, we wish Peter Bernhofer good luck in his new role as an entrepreneur" says Fritz Mumenthaler, CEO of Ascom.
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