Kapsch TrafficCom Acquires MARK IV IVHS Creating
Leadership in Intelligent Transportation Systems
(ITS)
Vienna, December 1, 2010. Kapsch TrafficCom AG
yesterday concluded the acquisition of MARK IV IVHS, which includes
operations in the United States, in Canada and in Mexico, from
subsidiaries of MARK IV, LLC, for a purchase price of approximately
USD 70 million (approximately EUR 53 million). The acquisition of
the largest equipment supplier for electronic toll collection (ETC)
systems in North America is further evidence of Kapsch TrafficCom's
firm commitment to the North American market. This acquisition
enables Kapsch TrafficCom to offer its current and future customers
in North America an extended end-to-end product and solution
portfolio for Intelligent Transportation Systems (ITS) and
ETC.
Kapsch TrafficCom is positioned to offer customers one
of the broadest portfolios of intelligent transportation solutions
around the globe, in addition to delivering outstanding customer
service. The expanded Kapsch TrafficCom team in North America is
now ideally positioned to meet the challenges and demands of
current and future customers. MARK IV IVHS team members will
continue to provide the service and support that customers
throughout the United States, Canada and Mexico have come to rely
on.
"This is a historic day for Kapsch and MARK IV IVHS and
for the customers we serve," said Georg Kapsch, CEO, Kapsch
TrafficCom. "Independently, each has been an industry leader, and
together we possess even greater financial strength and ingenuity
to deliver leading-edge intelligent transportation solutions. Our
collective resources will further our efforts to enhance road
safety and enable a better overall experience for drivers while
providing industry-leading quality of service to our existing
tolling and transportation customers."
Georg Kapsch added, "With the acquisition of MARK IV
IVHS we are taking the next significant step in the North American
market. Our combined strength, know-how, and ingenuity fortify
Kapsch TrafficCom's position in the marketplace. Kapsch TrafficCom
was successful in a number of significant projects this year, such
as our projects in South Africa and Poland. In addition, MARK IV
IVHS just recently announced a new contract in Mexico. Together we
have already set ambitious new goals for the North American
market."
"This is a win-win," said Chris Murray, President, MARK
IV IVHS. "Our clients will benefit from our combined scale and
strength as we bring together the best of both organizations and
cultures. I look forward to beginning a new chapter in applying our
combined assets to provide top-of-the-line technology solutions and
further enhanced customer service."
For over 20 years, Kapsch TrafficCom has been one of the
leading international suppliers of innovative road traffic
telematics solutions. Kapsch TrafficCom provides
customer demand driven solutions which utilize the best
technologies suited to meet the requirements of the application and
the client's needs.
MARK IVHS is the largest supplier of ETC equipment based
on 915 MHz with the largest customer base in North
America.
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. With 142
employees, MARK IV IVHS 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.
E-ZPass® is a regional ETC system that can be used throughout
the Northeast and Midwest regions of the United States. MARK IV
IVHS also recently announced a contract award in
Mexico.
Kapsch TrafficCom is an international
supplier of superior intelligent transportation systems (ITS). Its
principle business is the development and supply of electronic toll
collection (ETC) systems, in particular for the multi-lane
free-flow (MLFF) of the traffic, and the technical and commercial
operation of such systems. Kapsch TrafficCom also supplies traffic
management systems, with a focus on road safety and traffic
control, and electronic access systems and parking management. With
approximately 240 references in 39 countries on all 5 continents,
and with more than 19 million on-board units (OBUs) delivered and
more than 13,000 lanes equipped, Kapsch TrafficCom has positioned
itself among the leading suppliers of ETC systems worldwide. Kapsch
TrafficCom is headquartered in Vienna, Austria, and has
subsidiaries and representative offices in 25 countries.
For more information, please
contact:
Marcus Handl
Investor Relations
Kapsch TrafficCom AG
Phone: +43 (0) 50 811 1120
Am Europlatz 2, A-1120 Vienna, Austria
E-mail:
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Gerhard Plaschka
Chairman
Kapsch TrafficCom Holding. Corp.
21515 Ridgetop Circle, Suite 290
Sterling, VA 20166
Tel: +1 703 885 1976/ ext. 2054
Penny Lee
President Venn Strategies, LLC
(202) 466-8700