HOME | CONTACT | SITEMAP | Scheidt & Bachmann GmbH Companies Products credentials Press archive Press contact Trade fairs and events Jobs Services Contact December 4th, 2013: Kölleda Funkwerk AG separates from operations control and signaling technology - Scheidt & Bachmann GmbH takes over the operational business of the Funkwerk location in Kiel as well as the subsidiary in Malmö - Further strategic focus on core areas - Revenue and earnings forecast 2013 adjusted With effect from December 31, 2013, midnight, Funkwerk AG is selling its business operations at the Kiel location and the subsidiary Funkwerk Information Technologies Malmö AB, Sweden. The group of companies is thus completely separating from the operations control and signaling technology for rail traffic, which was previously part of the Traffic & Control Communication (TCC) division. For this purpose, Funkwerk has founded a new company, Eisenbahnverkehr System Technik GmbH (SST GmbH for short), into which all the assets of the Kiel location and the shares of the subsidiary in Sweden will be incorporated. Scheidt & Bachmann GmbH, Mönchengladbach, which has been a supplier of railway signaling technology for more than 100 years, has acquired the shares in SST GmbH. The parties have agreed not to disclose the purchase price. The execution is subject to the usual reservation of conditions precedent. The management board of Funkwerk AG assumes that all conditions will come into effect and that the consortium banks will give their consent by the end of May 2014 at the latest. With the sale of the business area, Funkwerk AG is continuing to focus on the company's core areas. The operations control and signaling technology belonged to the TCC segment, but had hardly any technical points of contact and corresponding synergy potential with the remaining Funkwerk activities in this area, which mainly include stationary and mobile information and communication systems for rail traffic. Another reason is the current market consolidation of the signal business, in which Funkwerk has a relatively small market share with an annual sales volume 2 of around EUR 15 million. At the same time, the sale will reduce the resources tied up within the Funkwerk group, thereby improving the financial situation. In the first three quarters of 2013, the companies sold generated sales of around EUR 10 million and an operating loss of around EUR 3 million, which resulted primarily from high development costs in the field of signaling technology for passenger transport. For 2013 as a whole, Funkwerk expects adjusted group sales of the continued operations of a good 100 million euros and a positive group operating result before restructuring and impairment expenses, which will probably amount to just under 1 million euros. Further information is available from: Funkwerk AG Im Funkwerk 5 D-99625 Kölleda / Thuringia Kerstin Schreiber Tel .: 03635 458 500 Fax: 03635 458 399 E-Mail: ir@funkwerk.com IMPRINT