Funkwerk AG sells Funkwerk Information Technologies York Limited

Focusing strategy continues

(PresseBox) ( Kölleda/Thüringen, )
Funkwerk AG, Kölleda, today sold its British arm, Funkwerk Information Technologies York Limited. The subsidiary was taken over by the Canadian Trapeze Group, a global leader in the supply of advanced software solutions and intelligent transport systems that consider the full 360 degrees of passenger transport. The Trapeze Group has operations in Europe, North America and Southeast Asia.

Signing today's contract signifies a further step in the strategic reorientation process of Funkwerk to focus on its two core business segments, Traffic & Control Communication (TCC) and Security Communication (SC).

Funkwerk Information Technologies York Ltd. had been a fully-owned subsidiary of Funkwerk Information Technologies GmbH, Kiel, which in turn is wholly owned by Funkwerk AG in Kölleda, Germany.

Funkwerk York, which currently employs 27 people, specialises in software solutions for rail operations planning, simulation and management. The systems assist customers, which include global train operating companies and infrastructure operators, with timetable planning, the simulation of rail operations, fleet planning, and resource management.
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