MCLEAN, Va.--(BUSINESS WIRE)--Kapsch TrafficCom AG (“Kapsch”) has reached an agreement with Schneider Electric S.E. (“Schneider”) to acquire its global Transportation Business. Schneider’s Transportation Business, formerly operating as the Telvent Tráfico y Transporte, offers an industry portfolio of integrated Advanced Traffic Management Software (ATMS) solutions – for urban, highway and tunnel applications as well as tolling and transit solutions. This acquisition will enable Kapsch TrafficCom to offer its current and future customers around the globe an integrated portfolio of intelligent transportation systems (ITS) extending from the highway to the city.
Integrated Mobility Management
“Cities are increasingly looking for innovative solutions to solve the challenges of congestion, pollution, aging infrastructure, limited funding and constrained capacity,” said Georg Kapsch, CEO, Kapsch TrafficCom Group. “Schneider’s EcoTrafixTM software suite extends our already robust solution portfolio enabling Kapsch to offer an Integrated Mobility Management solution to authorities within and across a metro area to optimize use of multi-modal transportation assets and enable exceptional user experiences.”
With 2014 revenues of €134 million, Schneider’s contribution will further grow Kapsch TrafficCom’s business and strengthen its intelligent mobility solutions (IMS) strategy as outlined in its recently announced Strategy 2020. Schneider also complements and expands Kapsch’s global footprint in important growth markets in Spain, Latin America, the U.S.A. as well as the Middle East.
The terms of the agreement reflect a purchase price of €35 million on a cash free debt free basis. The agreement is conditioned upon the satisfaction of certain regulatory conditions and on other customary closing conditions. The transaction is expected to be closed in the coming months.
About Schneider Electric
Schneider Electric is the global specialist in energy management and automation. With revenues of €25 billion in FY2014, our 170,000 employees serve customers in over 100 countries, helping them to manage their energy and processes in ways that are safe, reliable, efficient and sustainable. From the simplest of switches to complex operational systems, our technology, software and services improve the way our customers manage and automate their operations. Our connected technologies will reshape industries, transform cities and enrich lives. At Schneider Electric, we call this Life Is On.
About Kapsch TrafficCom
Kapsch TrafficCom is a provider of intelligent transportation systems (ITS) in the solution segments of road user charging, urban access and parking, traffic management, road safety enforcement, commercial vehicle operations, electronic vehicle registration and V2X cooperative systems. With end-to-end solutions, Kapsch TrafficCom covers the entire value creation chain of its customers as a one-stop shop, from components and design to the installation and operation of systems. The core business is to design, build and operate electronic toll collection and traffic management systems. References in 44 countries on all continents make Kapsch TrafficCom a recognized ITS provider worldwide. As part of the Kapsch Group, a family-owned Austrian technology group founded in 1892, Kapsch TrafficCom, headquartered in Vienna, Austria, has subsidiaries and offices in 33 countries, has been listed on the Vienna Stock Exchange (KTCG) since 2007, and generated with more than 3,500 employees revenues of EUR 456 million in fiscal year 2014/15.