Ascom divests its Security Communication business in Austria to the Managing Director

Mar 13, 2012

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.

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).

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).