SIGNAL+DRAHT | Issue 09/2019
Kapsch becomes Kontron
After all authorities have approved the sale of Kapsch CarrierCom Group, Kapsch Public TransportCom Belgium and Kapsch Public TransportCom North America, the above mentioned companies now belong to the Austrian S&T AG. The transaction was completed on 26 July 2019 after the relevant agreement was signed in May of this year. With this transaction, 100% of the shares of Kapsch CarrierCom and all its subsidiaries are now held by S&T AG. Kapsch CarrierCom has been renamed Kontron Transportation Austria AG and is managed by Michael Riegert (CEO) and Bernd Eder (CFO)....