Kapsch Acquires Transdyn Strengthening Portfolio in Intelligent Transportation Systems (ITS)
Vienna, Austria/McLean, VA, January 16, 2014 − Kapsch TrafficCom concluded the acquisition of Transdyn, Inc. from Powell Industries, Inc. for the purchase price of USD 16 million (EUR 12 million). The acquisition of one of the leading advanced traffic management software and systems integration companies in the U.S. market, well-known for its DYNAC ATMS® (Advanced Traffic Management Software), enables Kapsch TrafficCom to offer an extended end-to-end product and solution portfolio for intelligent transportation systems (ITS) to its current and future customers around the globe.
Kapsch TrafficCom is now positioned to offer one of the broadest portfolios of intelligent transportation solutions to complement its leading position in delivering electronic tolling solutions to its customers. Kapsch has installed and runs a large number of electronic toll collection (ETC) systems for multi-lane free-flow (MLFF) traffic (also referred to as open road tolling, ORT) around the globe. Transdyn is an established systems integrator offering innovative ITS solutions to customers that enable them to safely and securely manage and control vital facilities and processes, including highways, bridges, and tunnels.
“Transdyn and Kapsch are a perfect match,” said Georg Kapsch, CEO, Kapsch TrafficCom Group. “The current customer trend clearly shows the desire for a converged tolling and traffic management offering. Together, we can respond to market requests in a holistic approach and Kapsch will further extend its portfolio and reinforce its position as an end-to-end solutions provider.”
“Transdyn, a well-known provider of ITS and advanced traffic management solutions to highway, bridge and tunnel authorities, offers limited synergies with our other businesses,” said Mike Lucas, President and Chief Executive Officer, Powell Industries, Inc. “This transaction will allow us to focus on our core electrical power products businesses and provides Transdyn with additional opportunities. We appreciate the diligent work and many contributions of Transdyn’s dedicated employees.”
Focus on the industry and open new markets
“We look forward to the potential growth opportunities ahead of us,” said Mark Thompson, President, Transdyn. “Integrating with Kapsch TrafficCom offers Transdyn employees and customers the strength of the Kapsch TrafficCom portfolio of solutions and dedication to the ITS market. Transdyn has a robust set of products and services, and this transaction enables Transdyn to extend this base into new international markets. Kapsch has a breadth of global industry knowledge and a distribution network to deliver Transdyn solutions globally.”
“We are bringing together a global leader in ETC and ITS Systems with a leader in advanced traffic management solutions and system integration,” said Chris Murray, President and CEO, Kapsch TrafficCom North America. “This ensures that we will continue to develop and deliver innovative solutions to meet the evolving needs of our customers around the world.”
Transdyn is a well-known systems integrator of control, communication, operations management and security/surveillance systems. For over 35 years, Transdyn 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. Transdyn’s 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 across the U.S., including the LBJ Express project in North Texas on which Kapsch and Transdyn worked jointly. The LBJ Express project opened the first section 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).
About Kapsch TrafficCom
Kapsch TrafficCom is a provider of 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 subsystems to their integration and operation. The solutions of Kapsch TrafficCom help to provide funding for infrastructure projects, 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 43 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, has been listed on the Vienna Stock Exchange (KTCG) since 2007, and generated with more than 3,000 employees, revenues of EUR 488.9 million (USD 660 million) in fiscal year 2012/13. In North America, the company operates offices in Virginia, Texas, Maryland, Pennsylvania, New York, Ontario, and Mexico. For more information, visit www.kapsch.net and www.kapschtraffic.com.
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