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

  • Visteon completes sale of automotive lighting business
    August 3, 2012
    Visteon Corporation has completed the sale of its automotive lighting business to Varroc Group, based in Aurangabad, India and a global provider of automotive parts, for $72 million in cash, subject to price adjustments. The two companies announced plans for the sale on March 12.
    Read More
  • Kapsch initiates tolling project in Bulgaria
    January 17, 2018
    Kapch has been selected by the Bulgarian Roads Infrastructure Agency, in a contract valued лв.149.9m (£68m), to implement a nationwide tolling system. It will set up technical configuration and support of the system for trucks over 3.5 tons, as well as the introduce an electronic vignette for passenger cars during the 19-month project. Over the course of seven months, Kapsch will implement 500 terminals for registering and issuing electronic vignettes, 100 enforcement vehicles, 100 weigh-in-motion
    Read More
  • Variable message signs continue to deliver travel information
    February 2, 2012
    Arguably the 'face' of ITS, variable message signs are far from being a passing solution
    Read More
  • Kapsch TrafficCom partners ITS Australia
    October 25, 2012
    In an Australian industry first, Kapsch TrafficCom Australia joins ITS Australia as a partner to promote the benefits of intelligent transport systems. The partnership agreement was signed at the Kapsch dinner on the eve of the 2012 ITS World congress in Vienna. The ITS Australia initiative is designed to foster long term partnerships with industry organisations over the coming years. By working collaboratively with industry partners in long term relationships, the association has greater opportunity to lea
    Read More

Highlighted Content