Kapsch TrafficCom acquires Schneider Electric Transportation Business
4 April 2016
Kapsch TrafficCom AG has acquired Schneider Electric’s Transportation Business. The company, formerly operating under Telvent Tráfico y Transporte, is a provider of real-time IT solutions and 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 €26.0 million (US$30 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 €3.0 million (US$3.4 million). The full integration will take about 18 months.
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. This acquisition perfectly matches our Strategy 2020 of enabling exceptional user experience through intelligent mobility solutions from the highway to the city.—Georg Kapsch, CEO of Kapsch TrafficCom
Kapsch will expand its expertise in traffic management solutions by integrating Schneider’s EcoTrafix—a 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 an addition to DYNAC, Kapsch’s advanced traffic management system (ATMS). DYNAC is mainly used on highways and long distance roads. The integrated software suite, is designed to monitor and control traffic on roads and tunnels.
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.