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

  • Advanced ITS truck screening aids border control
    March 14, 2012
    State-of-the-art ITS technologies are being deployed for tracking of commercial vehicles at the US-Mexico border in Arizona, reports Pete Goldin. The border between the US and Mexico may be the epitome of America's wild west, but this remote desert frontier is being tamed by the Arizona Department of Transportation (ADOT) with a state-of-the-art ITS system. A comprehensive port-of-entry (POE) screening system is being deployed at the Mariposa Port of Entry – one of the busiest land ports in the nation – at
    Read More
  • Advanced ITS truck screening aids border control
    March 14, 2012
    State-of-the-art ITS technologies are being deployed for tracking of commercial vehicles at the US-Mexico border in Arizona, reports Pete Goldin. The border between the US and Mexico may be the epitome of America's wild west, but this remote desert frontier is being tamed by the Arizona Department of Transportation (ADOT) with a state-of-the-art ITS system. A comprehensive port-of-entry (POE) screening system is being deployed at the Mariposa Port of Entry – one of the busiest land ports in the nation – at
    Read More
  • IRD joins Canadian data vault project
    April 9, 2021
    IRD will collect roadside data to improve resilience of Canada’s prairie road network
    Read More
  • ISS announces profitable first quarter 2017
    May 4, 2017
    Image Sensing Systems (ISS) has announced profitable results for its first quarter ended 31 March 2017, the first since 2010. First quarter revenue was US$3.1 million, compared to US$3.2 million in the first quarter of 2016, while gross margin from operations for the first quarter of 2017 was 79 per cent, a seven percentage point increase from a gross margin of 72 percent for the same period in 2016. The increase in the gross margin percent was the result of higher percentage of revenue from royalties and
    Read More

Highlighted Content