init innovation in traffic systems AG
EANS-Adhoc: init innovation in traffic systems AG
init takes over remaining 56
percent of id systeme GmbH
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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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Company Information
15.12.2011
Additional market potential seen
Karlsruhe / Hamburg, December 15th 2011. init innovation in traffic systems AG,
having owned 44 percent of id systeme GmbH of Hamburg since 2002, will now take
over the remaining 56 percent. A purchase agreement will be made by the end of
this year. The two parties have agreed not to disclose the purchase price.
id systeme is a company specializing in information and scheduling systems for
public transport. In the fiscal year 2010, revenues of Euro 2.8 million were
made with a net profit of Euro 368,000. The company is the market leader in
Germany and the Netherlands with its workforce planning and scheduling software
solution, PERDIS . The two founders will continue to manage id systeme after the
acquisition by init ensuring the success in management.
PERDIS is already a part of init's integrated product portfolio and will expand
the application possibilities of init's software solutions. In international
tenders, integrated planning and scheduling systems are being increasingly asked
for by customers. By fully acquiring id systeme, init will be able to fulfill
the demand even better and at the same time create new business opportunities.
By using the distribution channels of init, especially in North America and
Asia, id systeme will now be able to enter new markets.
The Board of init innovation in traffic systems AG predicts that the sales
potential for id systeme will double over the next five years. At the same time,
init will benefit from the synergies in international sales and strategic
marketing of its products.
For further information contact:
Alexander Güntert
init innovation in traffic systems AG
Kaeppelestraße 4-6
76131 Karlsruhe/ Germany
Tel: 0721/6100-316
Fax: 0721/6100-399
{ir@initag.de}[HYPERLINK: mailto:ir@initag.de]
Sebastian Brunner
Communications+consulting
Mobile: 0175/5604673
fsbrunner@aol.com
Disclaimer:
"This release is not being issued in the United States of America and should
not be distributed to United States Persons or publications with a general
circulation in the United States. This document does not constitute an offer or
invitation to subscribe for or purchase any securities in addition, the
securities of init AG have not been registered under the United States
securities laws and may not be offered, sold or delivered within the United
States or to U.S. Persons absent from registration under or an applicable
exemption from the registration requirements of the United States securities
law."
Further inquiry note:
Alexander Güntert
Tel.: +49 (0)721 6100-316
E-Mail: ir@initag.de
end of announcement euro adhoc
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issuer: init innovation in traffic systems AG
Käppelestraße 6
D-76131 Karlsruhe
phone: +49(0)721 6100-0
FAX: +49(0)721 6100-399
mail: info@initag.de
WWW: http://www.initag.de
sector: Semiconductors & active components
ISIN: DE0005759807
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, München
language: English