Kapsch TrafficCom AG has finalised the acquisition of Schneider Electric’s Transportation Business. The company, formerly operating under Telvent Tráfico y Transporte, is a provider of real-time IT solutions and intelligent transportation systems complementary to those provided by Kapsch.
The acquisition expands the Kapsch portfolio and strengthens its market position in intelligent transportation systems, especially in the growth markets of Spain, Latin America, North America and the Middle East. The full integration will take about 18 months. Kapsch will integrate about 900 employees from Schneider into its global workforce of nearly 3,500 employees.
Georg Kapsch (pictured), CEO of Kapsch TrafficCom, says: “Urbanisation is an accelerating megatrend that demands for innovative action. Our new integrated traffic management portfolio will make both urban and highway transportation safer, more efficient and more environmentally friendly by improving traffic flow and providing real-time data to motorists.”
“Schneider Electric and Kapsch will continue to maximise business opportunities in the Smart Cities arena”, says Mike Hughes, EVP Strategic Customers & Segments for Schneider Electric.
Kapsch adds: ”This acquisition perfectly matches our Strategy 2020 of enabling exceptional user experience through intelligent mobility solutions from the highway to the city.”