04.04.2016,
4869 Zeichen
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
Mergers - Acquisitions - Takeovers
Vienna, April 4, 2016 - 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.
Subtitle: Perfect match from the highway to the city
Kapsch will expand its expertise in traffic management solutions by
integrating Schneider's EcoTrafix(TM) 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 Follow us on Twitter: twitter.com/kapschnet.
end of announcement euro adhoc
company: Kapsch TrafficCom AG
Am Europlatz 2
A-1121 Wien
phone: +43 1 50811 1122
FAX: +43 1 50811 99 1122
mail: ir.kapschtraffic@kapsch.net
WWW: www.kapschtraffic.com
sector: Technology
ISIN: AT000KAPSCH9
indexes: Prime Market
stockmarkets: official market: Wien
language: English
Digital press kit: http://www.ots.at/pressemappe/411/aom
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Kapsch TrafficCom
Akt. Indikation: 8.14 / 8.38
Uhrzeit: 13:03:42
Veränderung zu letztem SK: -0.48%
Letzter SK: 8.30 ( 0.00%)
Bildnachweis
1.
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