Kapsch TrafficCom AG

EANS-News: Kapsch TrafficCom AG closes acquisition of Schneider Electric Transportation Business

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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.

Further inquiry note:
Press Contact:
Ingrid Lawicka
Spokesperson
Kapsch AG
Am Europlatz 2, 1120 Vienna, Austria
Phone: +43 50811 1705
E-mail: ingrid.lawicka@kapsch.net	

Investor Contact:
Marcus Handl 
Investor Relations Officer
Kapsch TrafficCom AG	
Am Europlatz 2, 1120 Vienna, Austria
Phone: +43 50 811 1120	
E-mail: ir.kapschtraffic@kapsch.net

end of announcement                               euro adhoc 
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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
 

 


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