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Trapeze Software provides software, intelligent transportation systems (ITS), and mobile technologies in the passenger transportation industry.
PT provides solutions for public urban passenger transport. Following the transaction, PT will be renamed Trapeze ITS.
The transaction is expected to close on September 30, 2009.
Deal Type Acquisition Sub-Category Asset Purchase Deal Status Announced: 2009-09-01
Deal Participants
Target (Company) Continental AG-Public Transit (PT) Solutions Acquirer (Company) Trapeze Software, Inc. Vendor (Company) Continental AG
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