Brief: init plans to acquire majority stake from iris-GmbH

Init Innovation In Traffic Systems SE

12/05/2016 11:10

May 12 (Reuters) - init innovation in traffic systems AG  IXXG.DE : 
    * Plans to acquire majority stake from sensor specialist iris-GmbH 
    * Is planning to expand its participation in iris-GmbH from 49 to 74.5 percent 
 
Source text for Eikon:  ID:nEQ2yj9j1a  
Further company coverage:  IXXG.DE  
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))