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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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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