28.09.2016
init innovation in traffic systems AG DE0005759807
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 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: [email protected]
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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