Funkwerk AG has concluded the sale of Funkwerk Enterprise Communications GmbH, hitherto a group subsidiary. The entire Enterprise Communication (EC) segment has been sold to Teldat, a Spanish group based in Madrid. As expected, liquid funds totaling some EUR 8.5 million will accrue to Funkwerk AG from the transaction. In other words, together with the sale of Alpha Meß-Steuer-Regeltechnik GmbH in November 2011, Funkwerk has booked a cash inflow of around EUR 18 million, appreciably stabilizing the company's financial base.
The sales contract, which as reported was signed on October 18, 2011, was completed with Teldat S.A. of Spain and
The sales contract, which as reported was signed on October 18, 2011, was completed with Teldat S.A. of Spain and
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