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The Kudelski Group Provides Update Concerning its Stake in iWedia

Kudelski Group / Key word(s): Miscellaneous
The Kudelski Group Provides Update Concerning its Stake in iWedia

20-Feb-2023 / 17:45 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.


Ad hoc announcement pursuant to Art. 53 LR

 

Cheseaux-sur-Lausanne, Switzerland and Phoenix (AZ), USA – February 20, 2023 – The Kudelski Group (SIX: KUD.S), the world leader in digital security, today provided an update regarding the previously announced agreement to sell its 40% equity in iWedia, a provider of tier 1 software solutions for connected TV devices and Android TV.

As certain conditions to the closing of the transaction were not satisfied within the period specified in the share purchase agreement with the buyer, Zappware Entertainment Group International AG (formerly known as Reinhart Interactive TV AG), the sellers decided to terminate the share purchase agreement.

The Kudelski Group remains committed to iWedia and will continue to work with the other iWedia shareholders to support the company’s business.

 

 

 

About the Kudelski Group

The Kudelski Group (SIX: KUD.S) is a world leader in digital business enablement technologies that are built to enable innovation and deliver trust. The four main business divisions of the Group cover end-to-end convergent media solutions to the digital entertainment industry, cybersecurity services for enterprise and government bodies, public access solutions and end-to-end IoT design solutions and full-lifecycle services.

The Kudelski Group is headquartered in Cheseaux-sur-Lausanne, Switzerland and Phoenix (AZ), USA with offices in 32 countries around the world. For more information, please visit www.nagra.com.

 

Contacts

Cédric Alber

Kudelski Group

Senior Director Public Relations

+41 79 377 45 12

+41 21 732 01 81

cedric.alber@nagra.com

 

Santino Rumasuglia

Kudelski Group

Vice President – Head of Investor Relations

+1 480 430 9952

santino.rumasuglia@nagra.com 



End of Inside Information
Language:English
Company:Kudelski Group
route de Genève 22-24
1033 Cheseaux-sur-Lausanne
Switzerland
Phone:+41 21 732 01 01
Fax:+41 21 732 01 00
E-mail:info@nagra.com
Internet:https://www.nagra.com
ISIN:CH0012268360
Listed:SIX Swiss Exchange
EQS News ID:1564275

 
End of AnnouncementEQS News Service

1564275  20-Feb-2023 CET/CEST

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