Ad-hoc | IVU AG sells IVU.elect GmbH

Berlin, 19 May 2020 | IVU Traffic Technologies AG, leading supplier of integrated IT solutions for railways and public transport, is continuing to concentrate on its core business and is separating from its business with software for the organisation and holding of elections.

The Aachen-based IT service provider vote iT GmbH, an IT service provider that specialises in elections, has now taken over all shares and employees of the wholly owned IVU subsidiary IVU.elect GmbH. A contract to this effect has been signed today by both companies in Aachen. The parties have agreed to not disclose the purchase price.

As a result of the sales proceeds and the course of business, which has so far been little affected by the Corona crisis, IVU is raising its EBIT forecast for the financial year 2020 to over €12.5 million (up to now: over €10 million).