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Intelligent Transport System business acquisition
Schneider Electric is to sell its business which covers Intelligent Transport Systems to Kapsch under a new agreement.
The “Transportation Business” division of German electrical engineering giant, Schneider Electric used to operate as Spanish company, Telvent Tráfico y Transporte, which Schneider acquired in 2011 to expand its involvement in the critical infrastructure market. Now, the company has agreed to sell it on to traffic management specialist company, Kapsch TrafficCom.
The acquisition will provide Kapsch with extended expertise and capabilities to extend its reach into the market for integrated intelligent transport systems (ITS), through a combination of advanced traffic management software features that operate in urban environments, tunnels, transit routes and toll roads.
Kapsch has agreed to purchase the business for 35 million dollars on the basis of 2014 revenues of 134 million dollars, which the company believes it can grow significantly as part of its “Strategy 2020”, outlining its growth plans to the end of the decade. The Schneider business unit also enables Kapsch to extend its presence in South and North America as well as the Middle East, important growth markets for ITS.
Commenting on the acquisition agreement with Schneider, Kapsch TrafficCom’s CEO, Georg Kapsch said that innovation was an important aspect of meeting future urban requirements for systems that provide means of overcoming the problems of congestion, pollution and an ageing infrastructure whilst falling in line with increasingly constrained budgets.
“In combination with Kapsch products, the EcoTrafix software from Schneider enables us to offer an Integrated Mobility Management system to authorities in urban environments to optimise the use of multi-modal transport assets,” he said.