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Press Release

9/20/2017

Kapsch TrafficCom awarded a nation-wide concession contract to improve road safety and traffic management in Zambia.

Kapsch TrafficCom’s joint venture with Zambian Lamise Trading Limited has been awarded a nation-wide concession contract by the Zambian Government for the design, installation and operation of systems and solutions for traffic surveillance, vehicle speed enforcement, vehicle inspection and vehicle registration. This scope of service will be realized step by step during a ramp-up phase as a part of a 17-year contract.

The number of vehicles on Zambia’s roads increased by 280% to 700,000 in the ten years to 2016 and road fatalities increased from 10 per hundred thousand inhabitants to 13.8 per hundred thousand in the same period. In 2016 alone, 2,206 people died in traffic related accidents. Therefore, it is the aim of the Zambian Government, through its agency the Road Traffic and Safety Agency to significantly increase road safety and traffic management. André Laux, COO of Kapsch TrafficCom, said “We feel honored with our partners Lamise Trading to be entrusted by the Zambian Government to help improve traffic safety in the country.”

For this project, Kapsch TrafficCom has entered into a 50:50 joint venture with Lamise Trading, a Zambian company based in Lusaka. “By installing and operating Kapsch TrafficCom’s leading edge equipment and systems the joint venture will create some five hundred jobs, provide a boost to the economy in Zambia through improved road transport, and reduce the number of traffic accidents and their impact”, comments Walid El Nahas, Chairman of Lamise Trading.

Expected revenues in the first three years of operation are projected to be in the range of EUR 90 million to EUR 110 million. With the signature of Zambian officials, the contract entered into force with immediate effect.


Kapsch TrafficCom is a supplier of Intelligent Transport Systems applied to toll collection, traffic management, intelligent urban mobility, safety as well as traffic protection and connected vehicles. As a unique solutions supplier, Kapsch TrafficCom offers complete solutions covering the entire supply chain of its customers, from components and design, to system implementation and commissioning. In addition to reducing contamination, the Kapsch TrafficCom mobility solutions turn traffic safer, more reliable and comfortable in any urban street or highway.

Kapsch TrafficCom is a recognised international supplier of intelligent transport systems thanks to the many successfully completed projects in over 50 countries worldwide. The family company, with headquarters in Vienna, Austria, celebrated this year 2017, 125 years of success developing and implementing new technologies to help its customers. As part of the Kapsch Group, Kapsch TrafficCom has affiliates and branches in over 30 countries. Since 2007, the company is listed in the Vienna Stock Exchange (KTCG). Today, Kapsch TrafficCom employs over 4,800 employees. The turnover of the company in fiscal year 2016/17 was approximately 648.5 million Euros.

 

Press contact:

Alf Netek
Chief Marketing Officer & Press Officer
Kapsch Aktiengesellschaft
Am Europlatz 2, 1120 Vienna, Austria
P +43 50 811 1700
alf.netek@kapsch.net
Alexandra Vieh
Head of Marketing and PR, Global
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
P +43 50811 1728
alexandra.vieh@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