08.05.2001 – 17:20
The Kudelski Group takes over TicketCorner
Reserving tickets from
the comfort of your TV chair now almost at hand
Lausanne and Zurich (ots)
On 7 May 2001 Kudelski SA, operating out of Cheseaux near Lausanne, took over the share capital of TicketCorner AG, a 100% subsidiary of UBS AG based in Rümlang near Zurich. With almost 6 million ticket sales for some 10,000 events, a turnover of CHF 147m in the 2000 business year and over 150 staff, TicketCorner is undisputed leader on the Swiss ticketing market. Each of the parties agreed not to disclose details of the purchase price.
The takeover of TicketCorner is an important milestone in the Kudelski Group's plans to merge digital TV, the Internet, mobile telephony and secure access systems for buildings. Thanks to its leading know-how in the field of ticketing TicketCorner is quite simply an ideal complement to the core expertise currently residing in the Kudelski Group. The Group is confident that in the medium term it will be able to offer integrated solutions for electronic ticketing and access systems (direct-to-gate), enabling, for example, a fixed reservation for a sports, theatre, concert or cinema event to be made via an interactive TV, with all the additional consumer benefits this entails.
The Kudelski Group is one of the world's leading providers of access and system management solutions for analogous and digital Pay-TV as well as broadband Internet, Smart Card based security systems and top class audio products.
UBS is distributing a press release at the same time
ots Originaltext: Kudelski SA / TicketCorner AG
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