COBRA Automotive Technologies S.p.A.
Merger by incorporation of Cobra Telematics SA Varese, July 3, 2013 - Cobra Automotive Technologies S.p.A, listed on the Milan Stock Exchange, announces the completion of the merger by incorporation of the subsidiary Cobra Telematics SA into Cobra Service Network SA. The merger is part of the plan to simplify the Cobra Group Corporate Structure began during 2012.Cobra Automotive Technologies S.p.A. holds 80% of the Swiss company Cobra Service Network SA that holds the participations in the companies that comprise the Service division of Cobra Group. Cobra Service Network SA held 100% of the Swiss company Cobra Telematics SA that provided telematics solutions for the automotive industry. The activities of Cobra Telematics SA will be fully integrated into Cobra Service Network SA.
Company contacts: Cobra Automotive Technologies S.p.A. Alessandro Pagliara Investor Relations
Tel: +39 0332 825111
e-mail: ir@cobra-at.com www.cobra-at.com
CDR Communication srl cell: +39 3357864209
e-mail: silvia.dirosa@cdr-communication.it
40 partners providing Cobra products and solutions. Cobra provides telematic services at a pan-European level to Audi, Bentley, Ducati, Ferrari, Gruppo Piaggio, Infiniti, Lamborghini, Maserati, Mc Laren, Mercedes-benz Trucks, Nissan, Porsche, Renault and Tesla. In Europe, Service Operation Centers assist customers in 36 countries. In Italy and Spain Cobra offers services for the management of large fleets. Since 2007,
Cobra delivers telematic services to insurance companies to offer innovative Usage Based Insurance policies based on vehicle usage, the so-
called Pay Per Use and Pay as You Drive. Cobra Electronic System is a Tier One partner to the main European and Asian car, trucks and motorcycle manufacturers, including Kia, Hyundai, Toyota, Honda , Renault, Nissan, Volvo, Volkswagen Group for which it develops bespoke solutions for both factory and aftermarket installation: antitheft, parking assistance and telematic systems. Cobra's design and development activities are managed by a multisite engineering team based in Italy, Japan and South Korea, whilst assembly and manufacturing facilities are located in Italy and China. Cobra was listed on the Milan Stock Exchange on December 12, 2006.
Cobra Automotive Technologies SpA Via Astico, 41
21100 Varese Italia
Tel. +39 0332.825111
Fax +39 0332.222005
C.F./P.IVA 00407590124
Cap. Soc. € 11.647.352,52 i.v.
© 2013 Cobra Automotive Technologies SpA, All rights reserved www.cobra-at.com
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