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Article: Constellation Software Inc. Completes Acquisition of Public Transit Solutions Segment from Continental AG.
- Article from:
- Marketwire Canada
- Article date:
- November 2, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, ONTARIO, Nov 2, 2009 (Marketwire via COMTEX) -- Constellation Software Inc. ("Constellation") (TSX:CSU) announced today that its wholly owned subsidiary Trapeze Software Inc. ("Trapeze") has completed the acquisition of the Public Transit Solutions business of Continental Automotive AG ("Continental"). As part of the transaction, the PT business becomes a separate operating group of Trapeze called Trapeze ITS, led by Managing Director, Hans-Peter Schar. Further details of the transaction were disclosed in a press release on September 1, 2009 at which time Trapeze entered into an asset purchase agreement with Continental.
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