VIENNA--(BUSINESS WIRE)--Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on the Vienna Stock Exchange in the prime market segment, announces the closing of the acquisition of Schneider Electric’s Transportation Business. The company, formerly operating under Telvent Tráfico y Transporte, is a leading provider of real-time IT solutions and best-in-class intelligent transportation systems complementary to those provided by Kapsch.
The acquisition expands the Kapsch portfolio and strengthens its market position in intelligent transportation systems, especially in the growth markets of Spain, Latin America, North America and the Middle East. The closing purchase price is approximately EUR 26.0 million on a debt free basis after preliminary purchase price adjustments in connection with closing and includes net cash assets of the business in excess of EUR 3.0 million. The full integration will take about 18 months. The Schneider Electric Transportation Business is expected to contribute roughly EUR 125 million of revenues at a slightly positive EBIT to the Kapsch TrafficCom Group. Kapsch will integrate about 900 employees from Schneider into its global workforce of nearly 3,500 employees.
According to Georg Kapsch, CEO of Kapsch TrafficCom, “Urbanization is an accelerating megatrend that demands for innovative action. Our new integrated traffic management portfolio will make both urban and highway transportation safer, more efficient and more environmentally friendly by improving traffic flow and providing real-time data to motorists.” He added that Kapsch believes that the combined entities will be a major contribution to resolve the embedded operating challenges for municipalities around the globe. “Schneider Electric and Kapsch will continue to maximize business opportunities in the Smart Cities arena,” says Mike Hughes, EVP Strategic Customers & Segments for Schneider Electric.
Perfect match from the highway to the city
Kapsch will expand its expertise in traffic management solutions by integrating Schneider’s EcoTrafix™ a comprehensive solution for real-time traffic management in cities, into the existing portfolio. The EcoTrafix system is running mainly in Northern and Southern America as well as in Spain. The system is used for improving traffic conditions and access corridors as well as for providing real-time information services about the traffic situation to road users. The integration will not affect operating systems. The newly acquired EcoTrafix is a perfect addition to DYNAC, Kapsch’s advanced traffic management system (ATMS). DYNAC is mainly used on highways and long distance roads. The high performance, integrated software suite, is designed to monitor and control traffic on roads and tunnels.
Further, Georg Kapsch adds: ”This acquisition perfectly matches our Strategy 2020 of enabling exceptional user experience through intelligent mobility solutions from the highway to the city.” The broadening of the domain knowledge allows Kapsch to make transport safer, more efficient and more environmentally friendly.
Kapsch TrafficCom is a provider of intelligent transportation systems (ITS) in the segments of toll collection, city access control and parking space management, traffic management, traffic monitoring, utility vehicle monitoring, electronic vehicle registration and V2X cooperative systems. The end-to-end solutions of Kapsch TrafficCom cover the entire value creation chain of its customers, from components and design to the installation and operation of systems, all from a single source. The core business comprises the development, installation and operation of electronic toll collection and traffic management systems.
Reference projects in 44 countries on all continents have made Kapsch TrafficCom a globally recognized ITS provider. As part of the Kapsch Group, an Austrian family-owned technology group founded in 1892, Kapsch TrafficCom is headquartered in Vienna, Austria, and has subsidiaries and branches in 33 countries. It has also been listed since 2007 on the Vienna Stock Exchange (KTCG) and earned revenues of EUR 456 million in the 2014/15 fiscal year with over 3,500 employees.
For additional information: www.kapsch.net and www.kapschtraffic.com
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