Kapsch TrafficCom strengthens presence in Mexico

Austria-headquartered Kapsch TrafficCom has announced that its subsidiary, Kapsch TrafficCom Canada (KTCC), has made a significant investment in Simex, Integracion de Sistemas, a Mexican systems integration company with 28 years of experience in the Mexican market in the fields of automation and control, toll collection, security and parking systems.
August 6, 2012 Read time: 1 min

Austria-headquartered 4984 Kapsch TrafficCom has announced that its subsidiary, Kapsch TrafficCom Canada (KTCC), has made a significant investment in Simex, Integracion de Sistemas, a Mexican systems integration company with 28 years of experience in the Mexican market in the fields of automation and control, toll collection, security and parking systems.

“This investment reinforces our commitment to our customers in Mexico,” said Chris Murray, president of KTCC. “Together with Simex's proven system integration expertise and local market position we look forward to delivering our superior intelligent transportation solutions to the Mexican market."

The Kapsch investment is in consideration for the issuance by Simex of new shares of capital stock representing 33 per cent of Simex’s post-closing issued and outstanding capital stock.

"Kapsch TrafficCom and Simex offer our customers extensive expertise, not only about the Mexican marketplace, but also around the delivery of high performance ETC and ITS solutions and services to meet the critical demands of our customers," says Saturnino Suarez Reynoso, president of Simex.

Charging, Tolling & RUC

Related Content

  • Swarco expands Danish presence
    April 28, 2014
    Swarco has expanded its presence in Denmark with the acquisition of Danish company technical Traffic Solutions (TTS), one of the country’s leading traffic control and intelligent transport systems companies.
    Read More
  • Q-Free expands technology offering with acquisition of TCS
    January 2, 2013
    Norwegian-headquartered tolling specialist Q-Free is to acquire 100 per cent of the shares of TCS International (TCS). Established more than ten years ago, TCS has fifteen employees, with offices in Boston, US, and a subsidiary in Toronto, Canada. The company provides advanced transportation management systems (ATMS), specialising in intelligent parking guidance and management systems. TCS offers consulting solutions and systems design for a wide range of clients including cities, transportation organisati
    Read More
  • Dott and Tier announce merger - but will keep own brands
    January 11, 2024
    Companies operate primarily in Europe and have combined revenues of €250m
    Read More
  • Global ITS market expected to reach US$ 30.2 billion by 2019
    October 3, 2013
    According to a new market report published by Transparency Market Research, "Intelligent Transportation System (ITS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global market for ITS is expected to reach a value of USD 30.2 billion by 2019, at a CAGR of 11.1 per cent from 2013 to 2019. The demand for ITS systems is rising globally due to increased congestion in metropolitan areas. Development and deployment of intelligent transportation system not only r
    Read More

Highlighted Content