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

  • Keolis wins Stockholm e-bus extension
    August 5, 2020
    €500 million deal means Swedish contract will run to mid-2026
    Read More
  • Integrate systems to reduce roadside infrastructure
    January 27, 2012
    David Crawford reviews promising current developments. Instrumentation of the road infrastructure has grown to become one of the most dynamic sectors of the ITS industry. Drivers for its deployment include global concerns over the commercial and environmental pressures of traffic congestion, the importance of keeping drivers informed throughout their journeys, and the need to reduce accident rates and promote the safety of all road users, for example by enforcing traffic safety rules.
    Read More
  • Q-Free reports increased revenue, major tag order
    August 14, 2014
    Q-Free has been awarded an order for OBU610 tags from Roads and Maritime Services (RMS) in Australia at a value of US$2.4 million, to be delivered within the second quarter of 2015. “Q-Free has supplied more than two million tags to RMS, representing an important basis for our activity in Australia. We are pleased to see the continued strength of this particular relationship and of our competitiveness in the Australian market,” comments Q-Free CEO Thomas Falck. Q-Free also reported increased revenues
    Read More
  • Toll performance exceeds expectations, improves travel times
    January 30, 2012
    Jean Harito, Attica Tollway Operations Authority and Steve Morello, Egis Projects describe how looking to exceed contractual obligations makes good operational and business sense. The Attica Tollway is a modern, 65km, access-controlled urban motorway with three lanes in each direction. It constitutes the ring road around the extensive metropolitan area of the Greek capital, Athens, and forms the backbone of the entire road network in the Attica region. By ensuring freeflow operating conditions, the Attica T
    Read More

Highlighted Content