Funkwerk AG reorganises Security Communications division

Kölleda, 9 December 2014 - Funkwerk AG, Kölleda, today transferred 90 % of the shares in Funkwerk Security Communications GmbH, Salzgitter, (FSC) to Tetronics Beteiligungsgesellschaft mbH; the remaining shares will remain in the ownership of Funkwerk AG. Funkwerk Videosysteme GmbH (FVS), previously a subsidiary of FSC, will be transferred to another company within the Funkwerk Group until the contract is closed. The Video Systems division will therefore remain 100 % within the Funkwerk Group.

The realignment under company law will be followed by the search for strategic cooperation partners and investors in order to accelerate the internationalisation of FSC to the necessary extent. The division has a wide range of renowned and successfully positioned personal emergency call systems and devices on the market. FSC intends to utilise its leading position in Germany to a greater extent in order to gain additional market share abroad and thus increase sales. This will also go hand in hand with faster amortisation of development costs and the expansion of technological expertise.