Funkwerk acquires stake in Radionika Sp.z.o.o

Kölleda, 27 April 2023 - Funkwerk AG, one of the leading technology providers of professional communication, information and security systems as well as technical services, has acquired 60 % of the shares in Radionika Sp.z.o.o., Krakow/Poland. The sellers are the previous minority shareholders and the current majority shareholder, who will continue to work for the company as managing director.

Radionika specialises in the development and manufacture of train radio terminals under the Koliber brand and radio communication systems for railway infrastructures. Over the last four years, the company, which has around 20 employees, has generated average sales in the mid-single-digit million range and a good EBIT margin. The contract was signed yesterday evening. It contains conditions precedent and is expected to be closed by mid-May 2023. The parties have agreed not to disclose the purchase price.

The takeover will enable Funkwerk AG to expand its development resources and sales options and strengthen its international position in mobile radio systems for rail transport. „We are delighted,“ emphasises Kerstin Schreiber, CEO of Funkwerk AG, „that the highly competent team at Radionika will be part of our group of companies in future. Radionika's products will expand our solution portfolio and our market access, particularly in Eastern Europe.“