EANS-Adhoc: Kapsch TrafficCom AG Kapsch sells its share in Russian Joint
Venture
Concentration on strategic projects
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Company Information
12.11.2012
Ad hoc Release
013080900
Moscow/Vienna, 12 November 2012 - Kapsch TrafficCom AG (ISIN AT000KAPSCH9),
listed on the Vienna Stock Exchange in the prime market segment, announces that
LLC Kapsch TrafficCom Russia has withdrawn from the joint venture OOO United
Toll Systems (UTS). UTS is the joint venture that was awarded a contract for
maintenance of the toll-based operation of the Russian M-4 Don motorway in
December 2011. Kapsch TrafficCom Russia held a share of 33.3 percent in this
joint venture. The joint venture partner Mostotrest takes over these shares in
UTS. The deal will amount to EUR 6 million and is expected to close by the end
of 2012.
"The decision was made for reasons of company strategy", says Michael Weber,
member of the Board at Kapsch TrafficCom Russia. "Kapsch is an experienced
supplier of Intelligent Transportation Systems (ITS). Our primary focus is
therefore not the operation of roads but to build and operate advanced toll
systems and ITS solutions. Consequently, we want to continue to concentrate on
other strategic projects and ITS opportunities in Russia, such as city access
solutions, other toll projects and the upcoming tender for a national toll
system", explains Weber. General Director of Mostotrest Vladimir Vlasov adds:
"We are pleased that Kapsch TrafficCom Russia is remaining our partner in
providing consulting services and technical support for the project's
implementation."
New leadership for Kapsch Russia
"The Russian market has great potential in our field of business", emphasizes
Erwin Toplak, COO of Kapsch TrafficCom. "We are looking forward to further
cooperation in providing products, solutions and services for Russian road
concessions in general and UTS in particular. We will therefore focus our
efforts in order for our local organization to be ideally positioned for
upcoming projects in Russia, which are very demanding of resources." As part of
this effort, Boris A. Borisov was appointed the new CEO of Kapsch TrafficCom
Russia on 1 June 2012. Borisov previously held leadership positions at Motorola
and General Electric, as well as a number of local companies.
Kapsch TrafficCom is a provider of high-performance intelligent transportation
systems (ITS) in the application fields of toll collection, urban access
management and traffic safety and security. Kapsch TrafficCom covers the entire
value creation chain of its customers as a one-stop shop by providing products
and components as well as subsystems as open market products, by integrating
them into turnkey systems or by developing end-to-end solutions, including
services for the technical and commercial operations of systems. Within its
current core business of electronic toll collection (ETC), Kapsch TrafficCom
designs, builds and operates ETC systems, in particular for multi-lane free-flow
traffic. With 280 references in 41 countries on all continents and with almost
70 million on-board units delivered and about 18,000 lanes equipped, Kapsch
TrafficCom has positioned itself among the internationally recognized suppliers
of electronic toll collection worldwide. Kapsch TrafficCom is headquartered in
Vienna, Austria, and has subsidiaries and representative offices in 30
countries. For additional information, please visit
{www.kapschtraffic.com}[HYPERLINK: http://www.kapschtraffic.com].
Mostotrest (including LLC Corporation Engtransstroy and LLC
TRANSSTROYMEKHANISATSIYA) is the largest diversified infrastructure and
bridge-building company in Russia. According to EMBS Group, the independent
industry consultancy, Mostotrest had an 8.6% share of the total Russian
infrastructure construction market in 2011 (excluding road maintenance and
rehabilitation). Mostotrest's core competences include construction and
rehabilitation of automobile, railway and urban bridges, automobile roads and
other transport infrastructure. The company was established in 1930 as a
developer of complex and oversized bridges, and has built and rehabilitated more
than 7,500 infrastructure projects (bridges, flyovers, tunnels and interchanges)
to date.
Follow us on Twitter: {twitter.com/kapschnet}[HYPERLINK:
http://twitter.com/kapschnet].
Disclaimer
This ad-hoc release constitutes neither an offer to sell nor a solicitation to
buy any securities. The securities have already been sold.
This ad-hoc release and the information it contains are not for publication in
the United States of America (U.S.A.) and may not be distributed to U.S. persons
(as defined in Regulation S of the U.S. Securities Act ("Securities Act") of
1933, as amended) or to publications with a general circulation in the U.S.A.
This stock exchange announcement does not constitute an offer for the sale of
securities or solicitation of an offer to purchase securities in the U.S.A. The
securities of Kapsch TrafficCom AG have not been registered under the provisions
of the Securities Act and may not be offered, sold or delivered to U.S. persons
without prior registration under or exemption from the registration
requirements.
This ad-hoc release is exclusively addressed to persons (i) outside the United
Kingdom, or (ii) who are investment professionals for the purposes of article
19(5) U.K. Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (the "Order"), as amended, or (iii) who are included under article
49(2)(a)-(d) of the Order ("high net worth companies, unincorporated
associations, etc.). All such persons are hereinafter referred to as "Relevant
Persons". No person who is not a Relevant Person may take action on the basis of
this press release or the information contained herein or rely thereon.
Investment or investment activities in connection with this press release are
only available to Relevant Persons, and investment business will only be
transacted with Relevant Persons.
Further inquiry note:
Mag. Marcus Handl
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna, Österreich
Tel.: +43 50 811 1120
E-Mail: {ir.kapschtraffic@kapsch.net}
[HYPERLINK: mailto:ir.kapschtraffic@kapsch.net]
Press contact:
Mag. Katharina Riedl
Spokesperson
Kapsch AG
Am Europlatz 2
1120 Vienna, Österreich
Tel. +43 50 811 1705
E-Mail: {katharina.riedl@kapsch.net}
[HYPERLINK: mailto:katharina.riedl@kapsch.net]
end of announcement euro adhoc
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issuer: Kapsch TrafficCom AG
Am Europlatz 2
A-1121 Wien
phone: +43 1 50811 1122
FAX: +43 1 50811 99 1122
mail: ir.kapschtraffic@kapsch.net
WWW: www.kapschtraffic.com
sector: Technology
ISIN: AT000KAPSCH9
indexes: Prime Market
stockmarkets: official market: Wien
language: English