Altamount acquires Verkehrsautomatisierung Berlin

Altamount Software GmbH, a platform of CHAPTERS Group AG, has signed an agreement to acquire Verkehrsautomatisierung Berlin GmbH (VAB) from Hanning& Kahl GmbH & Co. KG. The transaction is subject to approval by theFederal Ministry for Economic Affairs and Climate Action (BMWK), which isexpected in the second quarter of 2025.

Verkehrsautomatisierung Berlin GmbH ("VAB") developsspecialised software solutions for the control and automation of publictransport systems. With this acquisition, Altamount strengthens its portfolioof mission-critical software solutions for public transport and criticalinfrastructure.

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Andreas Philippi, CEO of Altamount Software GmbH, comments:

"I extend a warm welcome to the team of VerkehrsautomatisierungBerlin into the Altamount Group! VAB is a leading provider of softwaresolutions for the control and automation of public transport systems and is anideal addition to our portfolio. Following the acquisition of PSI Transcom,this represents another significant milestone for Altamount. Our goal is tobuild a strong, interconnected group of companies in the field ofmission-critical software for mobility and critical infrastructure — and toserve our customers even better."

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Alexander Hanning, CEO of Hanning & Kahl, adds:

"Verkehrsautomatisierung Berlin has established itself over manyyears as a key player in the digital control of public transport systems. InAltamount, we have found a partner who will drive the continued development ofthe company. We are confident that this acquisition is the right step for VAB'sfuture."

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Timm Overmans, Head of M&A at Altamount Software GmbH, adds:

"With the acquisition of VAB, we are demonstrating our strongambition to grow in the mobility sector and to drive market consolidation. WithPSI Transcom and VAB, we now have two strong providers in adjacent segmentsthat will grow together into a greater combined force. We will continue toexpand the Mobility Group in a deliberate and structured way — not only inGermany. We intend to acquire additional capabilities across further countriesand grow together."

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