Transdyn, Inc. has been acquired by Kapsch TrafficCom from Powell Industries, Inc. for $16m (€12m). The acquisition means that Kapsch TrafficCom will be able to provide an end-to-end intelligent transportation systems (ITS) portfolio for its international clients.
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 CEO, 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."
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 €488.9m ($660m) in fiscal year 2012/13. In North America, the company operates offices in Virginia, Texas, Maryland, Pennsylvania, New York, Ontario, and Mexico.