The sale, which was agreed on May 23, is dependent on approval from the relevant competition authorities.
Kapsch CarrierCom is a communication solutions supplier, which focuses on the planning, development, assembly and maintenance of GSM-R networks and their further development into FRMCS. Kapsch CarrierCom also possesses a portfolio of public safety LTE (PS-LTE) products.
Kapsch PublicTransportCom provides solutions for public transport, including intermodal transport control systems, automatic fare collection and real-time passenger information systems.
The two business areas employ nearly 500 staff, and in their last financial year had revenues of around €120m.
S&T says that downstream project costs and expenditures for external development caused the areas to continue to record losses. The purchase price, subsequent to taking into consideration liabilities and cash on hand, ranges in the low double-digit millions of euros.
