Kapsch TrafficCom
EANS-Adhoc: Kapsch TrafficCom AG expands Intelligent Transportation Systems
(ITS) portfolio // Smart parking provider Streetline acquired
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Mergers - Acquisitions - Takeovers
16.04.2015
Vienna, April 16, 2015 - Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on the
Vienna Stock Exchange in the prime market segment, informs that it has acquired
controlling ownership of California-based Streetline, Inc., an innovative
provider of smart parking solutions.
"Transportation's future is about enabling exceptional user experiences with
intelligent mobility solutions," said Georg Kapsch, CEO of Kapsch TrafficCom AG.
"Kapsch will integrate Streetline's cutting-edge smart parking applications and
data analytics with Kapsch's intelligent transportation system (ITS) and
world-class electronic toll collection (ETC) and traffic management solutions
(TMS) to provide motorists with a better end-to-end transportation experience."
With more than 350 million parking events in more than 30 cities, universities,
and corporate campuses in North America and Europe, Streetline is a major
provider of real-time parking data, analytics and other smart transportation
applications.
Georg Kapsch added, "Streetline's industry-leading smart parking solutions are
an ideal complement to Kapsch TrafficCom's electronic toll collection and
traffic management solutions introducing 'whole trip' efficiencies. We will
continue to invest in Streetline until it begins to contribute positively to
Kapsch TrafficCom earnings, which is projected to occur in about 18 months."
By expanding its global presence into the Silicon Valley, Kapsch TrafficCom's
position to develop and deliver new, valued-added transportation solutions using
known and emerging technologies is also enhanced. "Streetline opens up new
customer opportunities for Kapsch and offers smart parking solutions that assist
motorists in finding available parking that best suits their needs," said Manny
Krakaris, President & CEO of Streetline.
About Streetline, Inc.
Streetline's award winning Parker© application is an easy to use iPhone and
Android application that will empower Kapsch TrafficCom to engage closer with
consumers than ever before for guidance, payment, and other services.
Streetline's ParkerMap© integrates ITS intelligence into a merchant's website to
solve key merchant needs for traffic information and parking convenience that
encourages consumer spending. Streetline's ParkSight© analytics and reporting
platform empowers parking providers to optimize parking policy and resource
utilization.
Streetline is a leading smart parking company delivering smart data and advanced
analytics to solve parking issues for customers worldwide. Streetline's
pioneering technology makes the parking experience for consumers easier, while
making cities, university and corporate campuses more efficient and reducing
their carbon footprint. Streetline generated revenue of USD 2.7 million in 2014.
Headquartered in Foster City, California Streetline has smart parking
deployments across the U.S., Canada and Europe. The company was previously named
one of Fast Company's 10 Most Innovative Companies in Transportation, as well as
IBM Global Entrepreneur of the Year. Streetline was also named Best Mobile
Innovation for 'Smart Cities' for its Parker application at the 2013 Mobile
World Congress. In addition, Streetline was named a Gartner 2013 Cool Company,
was recognized with the 2013 Frost & Sullivan North American Competitive
Strategy Leadership Award, and in September 2014 was elected to the Intelligent
Transportation Society (ITS) World Congress Hall of Fame.
Kapsch TrafficCom is a provider of intelligent transportation systems (ITS) in
the application fields of road user charging, urban access and parking, road
safety enforcement, commercial vehicle operations, electronic vehicle
registration, traffic management and V2X cooperative systems. Kapsch TrafficCom
covers with end-to-end solutions the entire value creation chain of its
customers as a one-stop shop, from components and design to the installation and
operation of systems. The solutions of Kapsch TrafficCom help to finance
infrastructure, to increase traffic safety, to optimize traffic flow, and to
reduce environmental pollution from traffic. The core business is to design,
build and operate electronic toll collection systems for multi-lane free flow
traffic.
References in 44 countries on all continents make Kapsch TrafficCom a recognized
supplier of electronic toll collection worldwide. As part of the Kapsch Group, a
family-owned Austrian technology group founded in 1892, Kapsch TrafficCom,
headquartered in Vienna, Austria, has subsidiaries and representative offices in
33 countries. In North America, the company operates offices in the United
States in California, Georgia, Kentucky, New Jersey, New York, Kentucky, Texas
and Virginia, and also in Canada and Mexico. Kapsch TrafficCom AG has been
listed on the Vienna Stock Exchange (KTCG) since 2007. The Kapsch TrafficCom
Group generated with more than 3,300 employees revenues of EUR 487.0 million in
fiscal year 2013/14. For additional information: www.kapsch.net and
www.kapschtraffic.com
Further inquiry note:
Press Contact:
Ingrid Lawicka
Spokesperson
Kapsch AG
Am Europlatz 2, 1120 Vienna, Austria
Phone: +43 50811 1705
E-mail: ingrid.lawicka@kapsch.net
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
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