Belgium/Germany, July 26, 2019 – Televic Rail, a global leader in communication technology, has acquired GSP Sprachtechnologie, the leading German supplier of on-board Passenger Information Systems for trains, trams and metros. With the addition of GSP, Televic Rail strengthens its position as a leading supplier of Passenger Information Systems in the western world.
Dr. Günter Breidbach, Member of the Board of GSP, says: “Joining forces with Televic Rail allows us to ensure the continuity and further growth of our business. Both companies embrace the same philosophy, emphasizing quality, sustainability and innovation.”
For Televic Rail, the acquisition is another step forward in its international growth strategy. “It gives us greater access to the highly attractive German market and the larger DACH region”, says Lieven Danneels, CEO of Televic. “It will accelerate our growth and reinforce our innovations and product developments.” The fast-growing tech company has offices and plants in Europe and Asia, and recently doubled its U.S. office to support growth.
* The financing of the deal was done with the support of Belfius bank
About GSP Sprachtechnologie
GSP, based in Berlin, successfully serves the fields of passenger security, information and entertainment. In this market segment they are one of the largest and most state-of-the-art companies in Germany and Europe. GSP employs 243 people and has more than 35 years of experience in over 30 different countries.
As global leader in communication technology, they create added value with innovative yet sustainable products and custom-made solutions that are research-based and utilize cutting edge technology.
With headquarters in Belgium and offices and plants across Europe, Asia and the US, Televic employs nearly 700 people worldwide.
About Televic Rail
Televic Rail designs, produces and maintains communication and control systems for the railway market. Worldwide over 25,000 vehicles are equipped with Televic on-board solutions.
For more than 30 years, Televic Rail has been a leading, trusted partner for railway operators and train builders all over the world.