Kapsch TrafficCom has announced its acquisition of Schneider Electric’s transportation business, provider of real-time IT solutions and best-in-class 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 full integration of Schneider into the Kapsch business is expect
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 full integration of Schneider into the Kapsch business is expected to take about 18 months.
According to Georg Kapsch, CEO of Kapsch TrafficCom, “Urbanisation 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.”
He added that Kapsch believes that the combined companies will be a major contribution to resolve the embedded operating challenges for municipalities around the globe. “Schneider Electric and Kapsch will continue to maximise business opportunities in the Smart Cities arena”, says Mike Hughes, EVP Strategic Customers & Segments for Schneider Electric.
Kapsch will expand its expertise in traffic management solutions by integrating Schneider’s EcoTrafix a comprehensive solution for real-time traffic management in cities into the existing portfolio. The system is used for improving traffic conditions and access corridors as well as for providing real-time traffic information services to road users. Kapsch believes that EcoTrafix is a perfect addition to DYNAC, its advanced traffic management system (ATMS). DYNAC is mainly used on highways and long distance roads. The high performance, integrated software suite, is designed to monitor and control traffic on roads and tunnels.
Further, Georg Kapsch adds;”This acquisition perfectly matches our Strategy 2020 of enabling exceptional user experience through intelligent mobility solutions from the highway to the city.” The broadening of the domain knowledge allows Kapsch to make transport safer, more efficient and more environmentally friendly.
