Kapsch TrafficCom has reached an agreement with Schneider Electric to acquire its global transportation business.
Formerly operating as Telvent Tráfico y Transporte, the business 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 tr
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With 2014 revenues of US$147 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 US$38 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.
“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 EcoTrafix 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 optimise use of multi-modal transportation assets and enable exceptional user experiences.”
