Funkwerk AG, Kölleda, has finalised the change from the regulated market to the m:access trading segment within the open market of the Munich Stock Exchange.
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Funkwerk AG, Kölleda, today sold its British arm, Funkwerk Information Technologies York Limited.
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The Supervisory Board of Funkwerk AG today appointed Kerstin Schreiber (37) to the Executive Board with immediate effect.
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Over the last two years, Funkwerk AG has undergone a radical restructuring programme resulting in a significantly reduced size and increased focus on its core business.
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Funkwerk AG, Kölleda, has sold its 100 per cent share in subsidiary Microsyst Systemelectronic GmbH (Microsyst GmbH), Weiden/Bavaria, in a management buyout to the company’s authorised signatory. The purchasing contract signed today is subject to the condition precedent of approval by the external financing partners of Funkwerk.
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Kölleda, 28 March 2013 – Funkwerk AG, Kölleda, reports initial positive effects of the primary measures in its restructuring programme put in place in the 2012 financial year.
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Kölleda, 22.03.13
In late 2012 the first Alister SIL 2 electronic interlocking supplied by Funkwerk in Germany successfully commenced operation in Hamburger Hochbahn AG's (HOCHBAHN) Saarlandstrasse depot. Now the second largest public transportation company in Germany has awarded Funkwerk a contract for a further Alister electronic interlocking for the neighbouring depot in Barmbek.
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The Executive Board and the Supervisory Board of Funkwerk AG, Kölleda, decided today to transfer the listing of its shares from the Prime Standard segment of the regulated market at the Frankfurt Stock Exchange to the m:access trading segment within the open market of the Munich Stock Exchange.
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Project with access to the operations control and monitoring system successfully completed after a short implementation time
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Business at Funkwerk AG in the first nine months of 2012 was defined by the comprehensive restructuring programme, which the group has been consistently implementing across all its sites since mid-2011. Its main aim is to focus Funkwerk on its core segments, to simplify its processes and to improve its earning power. At the same time, it intends to adjust corporate structures to the group’s reduced size and includes personnel measures.
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