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

  • Movyon showcases tolling, safety and smart roads solutions at Intertraffic
    April 17, 2024
    Movyon, a leader in ITS and the research and innovation hub for Autostrade per l'Italia Group, is at the show to showcase its latest solutions. The company’s focus is on smart, sustainable, and safe mobility for motorway concessionaires, road authorities, public administration, and service providers.
    Read More
  • Q-Free expands technology offering with acquisition of TCS
    January 2, 2013
    Norwegian-headquartered tolling specialist Q-Free is to acquire 100 per cent of the shares of TCS International (TCS). Established more than ten years ago, TCS has fifteen employees, with offices in Boston, US, and a subsidiary in Toronto, Canada. The company provides advanced transportation management systems (ATMS), specialising in intelligent parking guidance and management systems. TCS offers consulting solutions and systems design for a wide range of clients including cities, transportation organisati
    Read More
  • Florida's high occupancy tolling success in reducing congestion
    July 18, 2012
    TransCore's David Sparks writes about the development of 95 Express, Florida Department of Transportation's new high-occupancy tolling facility. High-Occupancy Tolling (HOT) lanes are one of the most compelling uses of existing transportation infrastructure to expand capacity, particularly in major metropolitan areas which have limited right of way but need to relieve congestion. According to the Federal Highway Administration, while vehicle miles travelled have increased over 70 per cent in the past 20 yea
    Read More
  • Drivewyze and Konexial pass on by
    September 9, 2022
    No transponders required for in-cab service allowing trucks to skip weigh stations
    Read More

Highlighted Content