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

For more information on companies in this article

Related Content

  • IRD demonstrates integrated systems including WIM@Toll
    October 23, 2012
    Canada-headquartered International Road Dynamics (IRD) is here in Vienna to present integrated ITS solutions that make highways more efficient. The company is showcasing products, software, and fully integrated systems for automated truck weigh stations using high-speed and low speed weigh-in-motion (WIM), automated toll collection and audit systems, highway traffic management systems (HTMS), advanced traffic data collection, security and access control, and fleet management using GPS. As IRD points out, it
    Read More
  • US economic stimulus package highlights ITS technology
    July 17, 2012
    US Secretary of Transportation Ray LaHood talks to ITS International about economic stimulus funding and the absolute need to maintain and increase the use of technology in transportation. Of the total of $787 billion of funding announced under the American Recovery and Reinvestment Act (ARRA), the economic stimulus package which was signed into law by US President Barack Obama on 17 February 2009, $48.1 billion will go to the US Department of Transportation (USDOT). Of that, $27.5 billion is for highway in
    Read More
  • Continental and IBM collaborate on connected vehicles
    September 11, 2013
    Continental and IBM are to collaborate on the joint development of fully-connected mobile vehicle solutions for the world’s car manufacturers. Central to the agreement is development of a highly scalable cloud platform that will enable automotive manufacturers to deliver a range of new mobile in-car services. Software updates and vehicle control device functionality will be delivered over the internet, removing costly and inconvenient workshop visits. The companies feel the solution may equally prove be
    Read More
  • Kapsch upgrades North America ANPR engine
    February 27, 2025
    It will ID licence plates from 58 jurisdictions in US, Mexico and Canada
    Read More

Highlighted Content