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FREQUENTIS acquires parts of the ATM product segment fromL3Harris Technologies Inc

FREQUENTIS acquires parts of the ATM product segment fromL3Harris Technologies Inc
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FREQUENTIS acquires parts of L3Harris Technologies

Frequentis AG, a leading international supplier of communication and information solutions for safety-critical applications, has announced that it had signed an agreement to acquire the ATM voice communications and arrival management product business from the US company L3Harris Technologies for a purchase price of USD 20.1 million (about EUR 16,58 million) subject to customary net debt and working capital based purchase price adjustments at Closing. The transaction comprises the acquisition of the ATM voice communication systems product line of L3Harris, USA; the Harris ATC Solutions business unit of Harris Canada Systems Inc., Gatineau, Canada; 100% of the shares in Harris C4i Pty. Ltd., Melbourne, Australia; and

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