Ascom divests its Security Communication business in Czech Republic

Oct 11, 2011

Ascom (CZ) s.r.o. focuses on public security communication and alarming applications in Czech Republic and achieved in 2010 revenue in the range of CHF 3 million.

COFI s.r.o. formed by the Czech management acquires the Czech subsidiary Ascom (CZ) s.r.o. as of 10 October 2011 in a management buy-out with all rights and obligations. All seven employees have been taken over.

The two Ascom Divisions Wireless Solutions and Network Testing will continue their successful development of the Czech market.

"With this MBO, Ascom has found a sound solution for the Security Communication business in Czech Republic shortly. Both the interests of our customers and our employees have been taken into consideration" 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).