SIGNAL+DRAHT | Issue 07-08/2020

Funkwerk AG Group takes over railway communications business segment

August 2020 | Editor

As part of an asset deal, the Funkwerk AG Group is taking over the railway communications business segment of STRABAG Infrastructure & Safety Solutions GmbH (SISS), Vienna. SISS, a 100 % subsidiary of STRABAG AG, Vienna, specialises in technical infrastructure solutions as well as security and communication systems and last generated annual revenues of around € 3 million in railway communication systems. The purchase agreement that was signed comprises the approximately 20 employees working in this business field as well as the total assets assigned to the railway communications business, all products and product rights, and the existing order backlog....

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