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One News Page » Category » Press Releases » Monday, 2 November 2009 » Constellation Software Inc Completes Acquisition of Public Transit

Information / Related NewsOpen Full Story in New WindowConstellation Software Inc. Completes Acquisition of Public Transit Solutions Segment from Continental AG

Reported by marketwire on Monday, 2 November 2009 (on November 2, 2009)
marketwire




TORONTO, ONTARIO--(Marketwire - Nov. 2, 2009) - 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 Schär. 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.


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