Kapsch TrafficCom divests its holdings in Fluidtime (Austria)
(PRESS RELEASE) VIENNA, 2-Nov-2020 — /EuropaWire/ — Kapsch TrafficCom (VIE: KTCG), an intelligent transportation systems provider, has announced that its 75.5 interest in Fluidtime (Austria) has been sold to the company’s management. In the future, both companies will pursue separate strategies. However, joint customers will be served based on a sales partnership. This enables Kapsch TrafficCom and Fluidtime to continue offering innovative Mobility-as-a-Service (MaaS) solutions in combination with traffic management solutions. The current deal follows Kapsch TrafficCom’s acquisition of tolltickets in Germany, which took place on October 1, 2020, and is a further step taken by the company to focus on its strategic business areas.
Kapsch TrafficCom is a globally renowned provider of transportation solutions for sustainable mobility. Our innovative solutions in the application fields of Tolling, Traffic Management, Demand Management and Mobility Services contribute to a healthy world without traffic congestion.
We have brought projects to fruition in more than 50 countries around the globe. With our one-stop solutions, we cover the entire value chain of our customers, from components to design and implementation to operation of systems.
As part of the Kapsch Group and headquartered in Vienna, Kapsch TrafficCom has subsidiaries and branches in more than 30 countries. It has been listed in the Prime Market segment of the Vienna Stock Exchange since 2007 (ticker symbol: KTCG). Kapsch TrafficCom‘s about 5,100 employees generated revenues of EUR 731.2 million in financial year 2019/20.
Media contacts:
Carolin Treichl
Executive Vice President Marketing & Communications
Kapsch Aktiengesellschaft
Am Europlatz 2, 1120 Vienna, Austria
P +43 50 811 1710
carolin.treichl@kapsch.net
Markus Karner
Public Relations
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
P +43 50 811 1705
markus.karner@kapsch.net
Investor contact:
Hans Lang
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
P +43 50 811 1122
ir.kapschtraffic@kapsch.net
SOURCE: Kapsch Group
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