The classifieds in this issue include two chief executive officer positions!
 

Trapeze Software, a wholly-owned subsidiary of Constellation Software Inc., has entered into an asset purchase agreement for the Public Transit Solutions (PT) business of Continental Automotive AG. This division develops, produces, and integrates Intelligent Transportation Systems including operation control systems, on-board computers, and passenger information displays.

Pending the successful closing of the transaction, the PT division will be renamed Trapeze ITS, based in Neuhausen, Switzerland. The headquarters of the North American operations will be in Cedar Rapids, IA.

Hans-Peter Schär will join Trapeze ITS as its managing director. He has more than 20 years in the public transport business, serving most recently as chief executive officer of VBZ Verkehrsbetriebe Zürich—the second largest public transport operator in Switzerland, with a daily transport capacity of more than 900,000 people. Dr. Markus A. Zoller, the current chief executive officer of Continental Automotive Switzerland AG and of the global Public Transit Solutions business, plans to leave the organization.

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