Saturday , July 24 2021

IT company Frequentis plans IPO –

Frequentis Group wants to visit Vienna and Frankfurt. On Tuesday, it was announced by a Vienna IT company specializing in communication and information systems.

Frequentis wants to ensure the financial independence of the IPO and the flexibility of the Group and to continue its growth. "The planned capital increase funds should be used for specifically targeted M&A activities to complement the product and service portfolio in order to increase international presence in local value creation and further strengthen international trade to increase market penetration" This was stated in the corporate broadcast.

World leader in voice communication systems

In the future, Frequentis wants to act more often as a general contractor for security critical control centers, especially large-scale projects. The Bardach family, who took over the then small business in 1986, will remain a long-term shareholder.

As an international provider of communication and information systems for control centers with safety-critical tasks, the Control Center Solutions Group develops and distributes air traffic control (civilian and military air traffic control) and public safety and transport (police, fire-fighting, rescue services, delivery and railways). ).

According to its announcements, Frequentis, with a market share of about 30 percent, is the world market leader in voice communication systems for air traffic control. More recently, the company employed 1,850 people and reached 2018 performance levels of EUR 293.9 million and EBIT (EBIT) of EUR 15.6 million. The number of contracted orders at the end of 2018 was EUR 355.2 million.

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