DGAP-Adhoc
462
0 Kommentare
init innovation in traffic systems AG: init plans to acquire majority stake from sensor specialist iris-GmbH
462 
0 Kommentareinit innovation in traffic systems AG / Key word(s): Investment
12.05.2016 12:10
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Growth company with great potential and positive earnings contribution
INIT Innovative Informatikanwendungen in Transport-, Verkehrs- und
Leitsystemen GmbH a wholly owned subsidiary of init innovation in traffic
systems AG (ISIN DE 0005759807) is planning to expand its participation in
the iris-GmbH from 49 to 74.5 percent. At present, the negotiation talks
take place together with the associates of iris-GmbH. Moreover, this
participation is still subject to the approval of Managing Board and
Supervisory Board of init AG.
The global specialist in sensor systems for automatic passenger counting
operates in a growth market. In fiscal 2015 with approximately 80
employees, the iris-GmbH generated revenues of EUR 14.6 million and
earnings before interest and taxes (EBIT) of EUR 2.4 million. The company
shall continue to operate independently in its market segment and supply
alongside the init also other companies with its currently superior sensor
technology.
12.05.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: init innovation in traffic systems AG
Käppelestraße 4-6
76131 Karlsruhe
Germany
Phone: +49 (0)721 6100 0
Fax: +49 (0)721 6100 399
E-mail: ir@initag.de
Internet: www.initag.de
ISIN: DE0005759807
WKN: 575980
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
INIT Innovative Informatikanwendungen in Transport-, Verkehrs- und
Leitsystemen GmbH a wholly owned subsidiary of init innovation in traffic
systems AG (ISIN DE 0005759807) is planning to expand its participation in
the iris-GmbH from 49 to 74.5 percent. At present, the negotiation talks
take place together with the associates of iris-GmbH. Moreover, this
participation is still subject to the approval of Managing Board and
Supervisory Board of init AG.
The global specialist in sensor systems for automatic passenger counting
operates in a growth market. In fiscal 2015 with approximately 80
employees, the iris-GmbH generated revenues of EUR 14.6 million and
earnings before interest and taxes (EBIT) of EUR 2.4 million. The company
shall continue to operate independently in its market segment and supply
alongside the init also other companies with its currently superior sensor
technology.
12.05.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: init innovation in traffic systems AG
Käppelestraße 4-6
76131 Karlsruhe
Germany
Phone: +49 (0)721 6100 0
Fax: +49 (0)721 6100 399
E-mail: ir@initag.de
Internet: www.initag.de
ISIN: DE0005759807
WKN: 575980
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
Diskutieren Sie über die enthaltenen Werte
Aktuelle Themen
Weitere Artikel des Autors
Verfasst von EQS Group AG
URL kopieren
Per E-Mail teilen
Artikel drucken1 im Artikel enthaltener WertIm Artikel enthaltene Werte
Artikel zu den Werten
Auch bei Lesern beliebt
