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    DGAP-Adhoc  524  0 Kommentare init innovation in traffic systems AG: init acquires leading German provider of sales and customer management systems for public transport


    init innovation in traffic systems AG / Key word(s): Takeover/Takeover

    28.09.2016 15:22

    Disclosure of an inside information according to Article 17 MAR,
    transmitted by DGAP - a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.

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    Karlsruhe/Hamburg, 28 September 2016. With effect from 1 October 2016 init
    innovation in traffic systems AG (ISIN DE 0005759807) is acquiring HanseCom
    Public Transport Ticketing Solutions (PTTS) GmbH, the leading provider of
    sales and customer management systems for public transport in Germany. By
    making this strategic investment the init Group is expanding its strong
    position in a dynamically growing market segment and thus sustainably
    strengthened its expertise in solutions for modern ticketing. The
    acquisition also brings a number of new major clients in Germany and
    Austria. This points to an additional revenue potential in the middle
    single-digit millions range in 2017.

    HanseCom PTTS has mobile phone ticketing agreements with over 40 public
    transport companies that cover around 35 per cent of the area of Germany.

    The software developed by HanseCom PTTS helps more than 50 public transport
    companies to manage, bill and analyse subscriptions as well as ticket sales
    and follow up on fare dodgers. The numerous interfaces means it can be
    easily integrated into other products such as init's MOBILEvario, enhancing
    the product range.

    HanseCom PTTS has its registered office in Hamburg and was spun out of the
    predecessor company HanseCom Gesellschaft für Informations- und
    Kommunikationsdienstleistungen mbH in an asset deal on 1 May 2016.


    28.09.2016 The DGAP Distribution Services include Regulatory Announcements,
    Financial/Corporate News and Press Releases.
    Archive at www.dgap.de

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    Language: English
    Company: init innovation in traffic systems AG
    Käppelestraße 4-10
    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, Tradegate Exchange

    End of Announcement DGAP News-Service

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    DGAP-Adhoc init innovation in traffic systems AG: init acquires leading German provider of sales and customer management systems for public transport init innovation in traffic systems AG / Key word(s): Takeover/Takeover 28.09.2016 15:22 Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the …

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