Constellation Software Inc. Completes Acquisition of Public Transit Solutions Segment from Continental AG
* Reuters is not responsible for the content in this press release.
TORONTO, ONTARIO, Nov 02 (MARKET WIRE) --
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.
About Constellation
Constellation's common shares are listed on the Toronto Stock Exchange
under the symbol "CSU". Constellation Software is an international
provider of market leading software and services to a number of
industries across both the public and private sectors. Constellation
acquires, manages and builds vertical market software businesses that
provide mission-critical software solutions to address the specific needs
of its customers in those industries.
About Trapeze Software
Trapeze provides some of the most advanced software, intelligent
transportation systems (ITS) and mobile technologies in the passenger
transportation industry. Hundreds of government and commercial
organizations across North America, Europe and Asia Pacific have turned
to Trapeze to realize efficiencies, enhance the quality and scope of
their services, and safely transport more people with less cost. For
further information on Trapeze Software Inc., please visit
http://www.trapezegroup.com, or call 905-629-5297.
About Continental - Public Transit Solutions
Continental - Public Transit Solutions is a leading global provider of
solutions for public urban passenger transport. The company offers public
transport authorities extensive operating and information systems which
enhance punctuality, reduce travel times, increase the precision of
connections, and provide dynamic passenger information. Internationally
present, the company develops, produces, and integrates high-quality
operation control systems, on-board computers, passenger information
displays, and customized services in close cooperation with its
customers. Continental Automotive Switzerland AG is a member of the
Continental Group, a leading global vendor to the automotive industry.
More information on the company can be found at
http://www.public-transit-solutions.com.
Contacts:
Constellation Software Inc.
John Billowits, Chief Financial Officer
(416) 861-2279
info@csisoftware.com
www.csisoftware.com
Trapeze
Kim Emmerson, Director of Marketing
(905) 629-5297
kim.emmerson@trapezegroup.com
www.trapezegroup.com
Copyright 2009, Market Wire, All rights reserved.
-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters