S&T AG takes over Kapsch CarrierCom and Kapsch PublicTransportCom
Summary
S&T AG entered into an agreement to acquire 100% of Kapsch CarrierCom AG, including its Kapsch PublicTransportCom business, subject to required authorizations. Kapsch CarrierCom provides mission-critical communication solutions for rail and public safety (GSM-R, FRMCS, PS-LTE) and Kapsch PublicTransportCom delivers public transportation solutions. The two business areas employ about 500 people and recorded roughly €120 million in revenue in the last financial year, with the purchase price in the low double-digit millions after adjusting for liabilities and cash. S&T says the deal advances its Agenda 2023 growth plan and complements the Kontron/S&T IoT Transportation portfolio by adding software-focused, standards-driven telecom technologies.
Classifications
AskAI Classifications
LabelsLinked Companies
