DGAP-News: Funkwerk AG sells Alpha Meß-Steuer-Regeltechnik GmbH
(firmenpresse) - DGAP-News: Funkwerk AG / Key word(s): Disposal
Funkwerk AG sells Alpha Meß-Steuer-Regeltechnik GmbH
09.09.2011 / 11:30
---------------------------------------------------------------------
Funkwerk AG sells Alpha Meß-Steuer-Regeltechnik GmbH
Key step to focus on core business
Kölleda, September 09, 2011 - Funkwerk AG has sold 100% of its interest in
subsidiary Alpha Meß-Steuer-Regeltechnik GmbH (Alpha GmbH), Neustadt an der
Weinstraße, to Bilfinger Berger Industrial Services GmbH (BIS Group),
Munich. The purchase contract was signed today. Details of the price have
not been disclosed.
Funkwerk specialises in solution-oriented information and communication
systems for applications in transport and traffic, security and vehicles.
The sale enables the company to take a key step in the implementation of
its strategic reorientation, which aims to put the focus on core operating
areas. In its three core segments, Traffic&Control Communication (TCC),
Security Communication (SC) and Automotive Communication (AC), the Funkwerk
group, which generated sales of around EUR 211m in 2010 employing an
average of 1,372 people, will in future concentrate on growth fields with
strong margins and shed peripheral activities. At the same time, the sale
will strengthen the financial basis of Funkwerk AG.
Alpha GmbH deals in control systems for energy providers and the process
industry, e.g. to manage and monitor natural gas supply facilities. This
means the company, which attained sales of around EUR 17m with some 120
employees in 2010, is not part of the core business of Funkwerk's Traffic&Control Communication (TCC) segment, which is consistently organised around
train and rail traffic as part of the group's focusing strategy.
Bilfinger Berger Industrial Services is a subsidiary of Bilfinger Berger
SE, Mannheim, and one of the world's leading suppliers of industrial
services with focus on the process and energy industry. In 2010, the
company generated revenues of EUR 2.9m employing a workforce of 28,000. The
BIS Group is set to integrate Alpha GmbH into its subsidiary, BIS E.M.S.
GmbH, Cloppenburg, which focuses on engineering and maintenance services
for the gas market.
The transfer of Alpha GmbH to the BIS Group is as yet subject to several
standard conditions precedent. Funkwerk expects these conditions precedent
to occur before the end of the current financial year.
For further information contact:
Funkwerk AG
Im Funkwerk 5
99625 Kölleda/Thuringia
Germany
Jörg Reichenbach
Investor Relations
Phone: 0 36 35/6 00 -3 46
Fax: 0 36 35/6 00 -5 07
reichenbach(at)funkwerk.com
End of Corporate News
---------------------------------------------------------------------
09.09.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's 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: Funkwerk AG
Im Funkwerk 5
99625 Kölleda
Germany
Phone: +49 (0)3635 600 0
Fax: +49 (0)3635 600 507
E-mail: info(at)funkwerk.com
Internet: www.funkwerk.com
ISIN: DE0005753149
WKN: 575314
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
138793 09.09.2011
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: EquityStory
" alt="BonTerra Resources Inc.: Infill Sampling of BA-10-08 Widens Gold Intercept
Datum: 09.09.2011 - 11:30 Uhr
Sprache: Deutsch
News-ID 63914
Anzahl Zeichen: 5094
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 384 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Funkwerk AG sells Alpha Meß-Steuer-Regeltechnik GmbH"
steht unter der journalistisch-redaktionellen Verantwortung von
Funkwerk AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
