EANS-Adhoc: Kapsch TrafficCom AG Kapsch TrafficCom Acquires Traffic Management
Software and Systems Integration Company Transdyn
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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
announcement.
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Mergers - Acquisitions - Takeovers
16.01.2014
Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on the Vienna Stock Exchange in
the prime market segment, has acquired through its subsidiary Kapsch TrafficCom
IVHS Inc., with immediate effect, all of the shares of Transdyn, Inc., a
Delaware corporation, from Powell Industries, Inc. for a purchase price of
sixteen million U.S. Dollars (approximately twelve million Euro), on a cash
free, debt free basis, subject to working capital adjustment after the closing.
Transdyn, Inc. is one of the leading Intelligent Transportation Systems (ITS)
companies in the U.S. market, well-known as designer and builder of mission
critical - among others - traffic management applications that are used by
highway, toll, turnpike, tunnel and bridge authorities. Transdyn is a well-known
systems integrator of control, communication, information management and
security/surveillance systems. For 35 years, it has delivered a wide-range of
systems for government agencies and private industry in the transportation,
environmental, security, energy, and industrial markets throughout the United
States and abroad. Its services include planning, design, systems integration,
project management, software development, installation, commissioning, training,
maintenance, and long-term support. As an engineering and contracting
organization, Transdyn combines specialty contracting, project management, and a
variety of technical services to deliver high-performance, high-availability
systems tailored to their clients' requirements.
Major transportation departments and authorities use Transdyn systems to manage
the safety and throughput of their vital roadways, tunnels, bridges, and transit
rail lines. The company's traffic management systems are installed in over 30
transportation facilities all across the U.S., including the LBJ Express project
in North Texas in which Kapsch and Transdyn worked jointly. The LBJ Express
project opened the first stretch of the highway for traffic on December 12,
2013. The major references outside the United States comprise New Zealand,
Australia and Israel.
Transdyn, Inc. is headquartered in Duluth, Georgia, and has branch offices in
California, New Jersey and Virginia. With approximately 150 employees, Transdyn
generated in its most recently completed fiscal year ended September 30, 2013, a
revenue of USD 33.9 million (approximately EUR 25 million) at a clear positive
free cash flow and at an EBITDA margin accretive to the EBITDA margin of the
Kapsch TrafficCom Group generated in its last fiscal year ended March 31, 2013.
Investor Contact:
Marcus Handl
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
Phone: +43 50 811 1120
E-mail: ir.kapschtraffic@kapsch.net
Press Contact:
Katharina Riedl
Spokesperson
Kapsch AG
Am Europlatz 2, 1120 Vienna, Austria
Phone: +43 50 811 1705
E-mail: katharina.riedl@kapsch.net
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 Wien, Österreich
Tel.: +43 50.811 1120
E-Mail: {ir.kapschtraffic@kapsch.net}
[HYPERLINK: mailto:ir.kapschtraffic@kapsch.net]
Pressekontakt:
Mag. Katharina Riedl
Unternehmenssprecherin
Kapsch AG
Am Europlatz 2
1120 Wien, 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