Ixat Intressenter AB (publ) appoints Peter Viinapuu as new CEO of Cabonline Group as Thomas Ekman leaves the company

Ixat Intressenter AB (publ) (”Ixat” or the “Company”) today announces that the Board of Directors has appointed Peter Viinapuu as the new CEO of the Company. Peter Viinapuu succeeds Thomas Ekman who will leave the company. Thomas remains with the company in order to facilitate a smooth handover.

Peter Viinapuu has a strong background in the transportation industry. He joins the company from MTR Nordic AB where he was president and CEO over the company’s four operations and prior to that CEO of the MTR Tunnelbanan for five years. Prior to MTR Nordic, Peter has a long carrier in senior positions within SAS, the most recent as COO in SAS Sverige.

Jon Risfelt, Chairman of the Board of Directors of the Company comments: "Under Thomas’s management, Cabonline has undergone a successful modernization as well as expansive growth with many acquisitions, consolidation of the Swedish market, continued development in Norway and taken a major step into the Finnish market for the upcoming deregulation. Additionally, the company is listed on the Nasdaq Corporate Bond Market, which provides financial stability in the future. I want to thank Thomas for his efforts and wish him all the best of luck in his future career. Cabonline is now entering a phase where we focus more on operational efficiency. Here Peter brings knowledge from previous positions and his strong operational experience makes him well suited to lead the company, as it continues to focus on profitable growth across the Nordic market.”

Thomas Ekman commented: "I am incredibly proud of the exciting and expansive phase we have gone through. The company is now financially strong in the Nordic market. We also have a technologically advanced and scalable digital platform that makes it even easier for our customers to use our services. Now it is time for the next phase and a suitable time for me to move on to new opportunities.”

Peter Viinapuu commented: “I am delighted to take on the role as the new CEO of Cabonline Group. The company has built a strong position in a market under great and demanding change and I look forward to step in and together with all employees, lead the company to new heights.”

Peter’s date of entry is not set but is expected to occur no later than the first quarter of 2018 and Thomas will stay with the company, facilitating an effective transition process.

For additional information contact:

Jon Risfelt, Chairman of the Board of Directors of Ixat Intressenter AB tel +4673 434 3332

Pernilla Oldmark, CCO Cabonline Group tel +4670 426 4545

This information is information that Ixat Intressenter AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the contact persons set out above, on September 29, 2017.

About Cabonline Group

Cabonline Group and is one of Europe’s leading technology and service providers to the taxi and transportation industry. In Sweden and Norway around 3,500 transporters with approximately 7,000 vehicles are connected to us under different brands such as TaxiKurir, Taxi 020, Norgestaxi, TOPCAB, Taxi Skåne and Sverigetaxi. Through Cabonline Group, the transporters get access to attractive customer contracts, leading technology platforms as well as access to scale advantages and infrastructure. Cabonline Group has yearly net revenue of around SEK 5,6 billion and handles approximately 60,000 trips per day. Ixat Intressenter AB (publ) is the parent company of Cabonline Group. On 12 June 2017 Ixat Intressenter AB (publ) issued SEK 1,550 million senior secured bonds. www.cabonline.com. 

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