PRESSEPORTAL Presseportal Logo
All Stories
Subscribe to Kapsch TrafficCom AG

14.12.2015 – 08:46

Kapsch TrafficCom AG

EANS-Adhoc: KapschTrafficCom Reaches Agreement to Acquire Schneider Electric Transportation Business

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
Mergers - Acquisitions - Takeovers/Company Information

Vienna, Austria, December 14, 2015 - Kapsch TrafficCom AG (ISIN AT000KAPSCH9),
listed in the Prime Market of the Vienna Stock Exchange, has reached an
agreement with Schneider Electric S.E. ("Schneider") to acquire its global
Transportation Business. Schneider is a global specialist in energy management
and automation with revenues of EUR25 billion in 2014 and 170,000 employees in
over 100 countries. Schneider's Transportation Business, formerly operating as
Telvent Tráfico y Transporte, offers an industry portfolio of integrated
Advanced Traffic Management Software (ATMS) solutions - for urban, highway and
tunnel applications as well as tolling and transit solutions. This acquisition
will enable Kapsch TrafficCom to offer its current and future customers around
the globe an integrated portfolio of intelligent transportation systems (ITS)
extending from the highway to the city.
With 2014 revenues of EUR134 million, Schneider's contribution will further grow
Kapsch TrafficCom's business and strengthen its Intelligent Mobility Solutions
(IMS) strategy as outlined in its recently announced Strategy 2020. Schneider
also complements and expands Kapsch's global footprint in important growth
markets like Spain, Latin America, the U.S.A. as well as the Middle-East.
The terms of the agreement reflect a purchase price of EUR35 million on a cash
free debt free basis. The agreement is conditioned upon the satisfaction of
certain regulatory conditions and on other customary closing conditions. The
transaction is expected to be closed in the coming months.

Further inquiry note:
Mag. Marcus Handl
Investor Relations Officer 	               
Kapsch TrafficCom AG
Am Europlatz 2
1120 Wien, Österreich 
Tel.: +43 50 811 1120 	                        

Press contact:
Dr. Ingrid Lawicka 
Kapsch AG
Am Europlatz 2 
1120 Wien, Österreich 
Tel.: +43 50 811 1705

end of announcement                               euro adhoc 

issuer:      Kapsch TrafficCom AG
             Am Europlatz  2
             A-1121 Wien
phone:       +43 1 50811 1122
FAX:         +43 1 50811 99 1122
sector:      Technology
ISIN:        AT000KAPSCH9
indexes:     Prime Market
stockmarkets: official market: Wien 
language:   English

Original content of: Kapsch TrafficCom AG, transmitted by news aktuell