Kapsch TrafficCom to acquire Mark IV IVHS

Kapsch TrafficCom AG has agreed to acquire, through subsidiaries, the businesses of Mark IV IVHS, part of Mark IV, LLC (US), in the United States, in Canada and in Mexico
March 1, 2012 Read time: 2 mins
81 Kapsch TrafficCom AG has agreed to acquire, through subsidiaries, the businesses of Mark IV IVHS, part of Mark IV, LLC (US), in the United States, in Canada and in Mexico, for a purchase price of US$70 million, subject to certain closing conditions and subject to certain potential price adjustments based on working capital included with the business. The transaction is structured as a stock purchase of the holding companies which own the Mark IV IVHS business and closing is targeted for 30 November 2010.

Mark IV IVHS is a designer and manufacturer of dedicated short-range communication (DSRC) devices that are widely used by highway, toll, turnpike, tunnel, and bridge authorities to enable intelligent transportation systems (ITS) such as electronic toll collection (ETC) and automated weigh station bypass. With more than 21.8 million transponders on-the-road and more than 3,700 lanes equipped, Mark IV IVHS is the largest supplier of ETC equipment in North America. The company has enabled many landmark ITS deployments, including: the world’s first non-stop, all-electronic toll road (Highway 407 ETR, Canada); interoperability between truck electronic preclearance systems and toll collection (PrePass); and, the E-ZPass system of the 24 toll authorities in 14 states who comprise the E-ZPass Group in the Northeastern United States. EZPass is a regional ETC system that can be used throughout the Northeast and Midwest regions of the United States. Mark IV also recently announced a contract award in Mexico.

With 142 employees, Mark IV IVHS generated in its last fiscal year 2009/2010, ended February 28, 2010, net sales of approximately US$50 million at a clear positive free cash flow and at an EBITDA margin accretive to the EBITDA margin of Kapsch TrafficCom Group generated in its last fiscal year 2009/2010, ended 31 March, 2010.

With approximately 240 references in 39 countries on all five continents, and with more than 18 million transponders (on-board units - OBUs) delivered, and nearly 13,000 lanes equipped, Kapsch TrafficCom, which is headquartered in Vienna, Austria, has positioned itself among the leading suppliers of ETC systems worldwide and has subsidiaries and representatives offices in 25 countries. In addition to ETC systems, particularly multi-lane free-flow deployments, Kapsch also supplies traffic management systems, with a focus on road safety and traffic control, and electronic access systems and parking management.

For more information on companies in this article

Related Content

  • Q-Free tolling system for Sydney Harbour Bridge
    September 26, 2012
    Norwegian headquartered Q-Free, supplier of road user charging solutions and advanced transportation management systems, has been awarded a contract by Roads and Maritime Services (RMS) in Australia for the design, supply and installation of an electronic tolling system for the iconic Sydney Harbour Bridge. The contract, worth US$5.7 million with additional options worth approximately US$2.9 million, comprises the supply and delivery of a roadside system, based on the company’s unique single gantry tolling
    Read More
  • Kapsch TrafficCom wins $355 million nationwide ETC system in Belarus
    June 19, 2012
    Kapsch TrafficCom has won an order, valued at just over US$355.5 million, for the implementation and operation of a nationwide electronic toll collection system in the Republic of Belarus. The agreement signed by Erwin Toplak, COO of Kapsch TrafficCom, and Ivan I. Shcherbo, Minister for Transportation and Communication of the Republic of Belarus, extends over a total road network of 2,743km and is for both the implementation of a dedicated short-range communication-based system as well as its operation over
    Read More
  • The weighty problem of truck routing enforcement
    March 17, 2015
    The growing impact of heavy commercial vehicles on urban and interurban highway infrastructures around the world is driving the need for reliable route access restriction and monitoring. The support role of enforcement is proving fertile ground for ITS development. Bridges are especially vulnerable – and critical in terms of travel delays. The US state of Oregon’s Department of Transportation (ODOT) operates what it claims is one of the country’s most aggressive truck route restriction enforcement programme
    Read More
  • 250,000 Efkon OBUs for Malaysia
    February 1, 2012
    Efkon Asia, the Kuala Lumpur-based subsidiary of Efkon AG, Austria, has received an additional order for 250,000 mult-lane free flow On Board Units (two piece OBU with integrated contactless Mifare Smart Card) based on high speed bi-directional active ISO CALM compatible Infrared.
    Read More

Highlighted Content