The sale of Italian Network Integration company Ascom Italia S.p.A. to Technomatica Italia S.p.A. was successfully completed as of 1 December 2006.
As announced in the media release dated 23 October 2006, Ascom Holding AG sells the Italian Network Integration company Ascom Italia S.p.A. to Technomatica Italia S.p.A. All 137 employees will be transferred via a transfer of shares.
This transaction with a sales price of EUR 22,7 million (amounts to CHF 36,1 million) lead to a significant cash inflow but as reported a book loss in the range of CHF 10 million for the Ascom Group.
About Ascom
Ascom is an international solution provider with comprehensive technological know-how in Mission-Critical Communication. The company concentrates on the core areas of Wireless Solutions (high-value, customer-specific on-site communications solutions) and Security Solutions (applications for security, communication, automation and control systems for infrastructure operators, public security institutions and the army). With a wealth of experience in implementing complex projects for discerning customers, Ascom has established itself in important key markets.
Offerings range from analysis and consulting to system design and system integration, project management, engineering and implementation, right through to maintenance and support. The company has subsidiaries in 17 countries and a workforce of some 2,200 employees worldwide. Ascom registered shares (ASCN) are listed on the SWX Swiss Exchange in Zurich
