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Electronics Production | September 02, 2009

Constellation acquires PT Solutions segment from Continental

Trapeze, a wholly-owned subsidiary of Canada-based Constellation Software , has acquired the Public Transit Solution segment of Continental AG.
The division Public Transit Solutions was part of the Continental Automotive Switzerland AG, which is based in Neuhasuen. The transaction is expected to close on September 30, 2009 subject to satisfaction of certain conditions typical in a transaction of this nature.

Pending the successful closing of the transaction, the PT division will be renamed Trapeze ITS and Dr. Markus A. Zoller, the current CEO of Continental Automotive Switzerland AG and of the global Public Transit Solutions business, will leave to pursue new challenges.

The division develops, produces and integrates intelligent transportation systems (ITS) including operation control systems, on-board computers, and passenger information displays. In addition to the site in Neuhausen (Switzerland), the transaction will also affect Cedar Rapid (USA), Birmingham (UK), Berlin (Germany) and in Wroclaw (Poland). Not affected is the site in RĂĽthi (Switzerland).
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