EANS-Adhoc: Kapsch TrafficCom AG
Kapsch sells its share in Russian Joint
Venture
Concentration on strategic projects
12.11.2012 – 08:02
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- 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listed on the Vienna Stock Exchange in the prime market segment, announces that LLC Kapsch TrafficCom Russia has withdrawn from the joint venture OOO United Toll Systems (UTS).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 -------------------------------------------------------------------------------- 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