IVU Traffic Technologies AG

ots Ad hoc-Service: IVU Traffic Techn. AG E-logistics for waste: IVU and FAUN establish subsidiary

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    Berlin (ots Ad hoc-Service) -      

    - Combined European sales force -     - Services provider FIT to market innovative logistics concepts -

    Neuer Markt-listed IVU Traffic Technologies AG (WKN 744 850) and FAUN Novatec GmbH announced the formation of a joint subsidiary, FIT GmbH in Iserlohn, at the end of December. IVU, the e- logistics expert, and FAUN, Europe's largest manufacturer of structures for special-purpose trucks, are joining forces to sell innovative IT-driven solutions for the waste disposal industry across Europe. IVU's share of the order volume will amount to DM 1.8 million by the end of 2001. Further sales from this new provider service are expected from mid-year.

    FIT GmbH will act as a services provider on the waste disposal market, focusing on the sale and operation of comprehensive IT systems via the Internet. Its activities will include the provision of software components for handling day-to-day business and optimizing vehicle fleet use, the supply of hardware (e.g. on-board computers) as well as the creation of its own Web portal and IT hosting, with vehicles and software forming an integrated system via a Web portal. The combined industry expertise of IVU and FAUN will enable the two companies to develop new market potential for hardware and software in Europe. Products of the two companies that have already been successfully launched on the market will be offered as a total solution for waste management in the waste disposal industry, and will be jointly developed further.


    IVU Traffic Technologies AG Investor Relations Mrs. Antje Krekeler Tel.: +49(0)30-85906-272 Fax: +49(0)30-85906-111 Internet: www.ivu.de e-mail: akj@ivu.de

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Original-Content von: IVU Traffic Technologies AG, übermittelt durch news aktuell

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