Ascom divests its Security Communication business in Czech Republic
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.
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