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

  • Kapsch and OMV to launch Europe-wide tolling solution for trucks
    October 25, 2018
    Kapsch TrafficCom and oil and gas company OMV will deploy a Europe-wide cashless tolling solution for trucks. The OMV Smart Europe will be available in Austria and Hungary from November. The toll box, designed by Kapsch, is expected to extend the OMV card’s capabilities by allowing users to pay for tolls without having to deal with local toll systems or different toll boxes. Benedikt Hans, head of card at OMV, says the solution will aid the European Commission’s ambition to harmonise toll systems in
    Read More
  • Kapsch tags Chile for tolling success
    October 24, 2023
    Company has reached 1.6 billion multi-lane free-flow transactions in capital Santiago
    Read More
  • Viaduct deck renewal creates detour dilemma for MassDOT
    May 26, 2016
    As the deck renewal of the I-91 viaduct in Springfield gets underway, David Crawford looks at the preparation and planning to ease the resulting traffic congestion. Accommodating the deck renewal of a 4km-long/four-lanes in each direction viaduct in the heart of Springfield (Massachusetts’ third largest city), has involved the state’s Department of Transportation (MassDOT) in a massive exercise in transport research and ITS-based area-wide preplanning and traffic management. Supporting a workzone of well ab
    Read More
  • ISO standard aids interoperability and data security
    March 30, 2017
    Star Systems International’s Stephen Lockhart, explains how ISO 18000-6C can boost both interoperability and data security in RFID tolling applications. As more states, municipalities and agencies deploy electronic tolling solutions to generate funds and reduce congestion at tollbooths, there have been increased calls for standardisation in the industry.
    Read More

Highlighted Content