Kapsch TrafficCom AG announced that it has entered into an agreement to acquire the global Transportation Business of Schneider Electric for a purchase price of €35 million on a cash-free and debt-free basis. The business which was formerly operating as the Televent Trafico y Transporte provides Advanced Traffic Management Software (ATMS) solutions and generated €134 million of revenues in 2014.
According to Georg Kapsch, CEO, Kapsch TrafficCom Group.: “Schneider’s EcoTrafixTM software suite extends our already robust solution portfolio enabling Kapsch to offer an Integrated Mobility Management solution to authorities within and across a metro area to optimize use of multi-modal transportation assets and enable exceptional user experiences.”
The deal is expected to close in the next few months.
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