Vienna/Mexico City, August 1, 2012 – Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on the Vienna Stock Exchange in the prime market segment, informs that its subsidiary Kapsch TrafficCom Canada Inc. ("KTCC") has made an investment in SIMEX, Integracion de Sistemas, S.A. de C.V., Mexico, in consideration for the issuance by SIMEX of new shares of capital stock representing 33% of SIMEX's post-closing issued and outstanding capital stock.
According to Chris Murray, President of KTCC, "We are pleased to enter into this partnership with Simex. This investment reinforces our commitment to our customers in Mexico. Together with Simex's proven system integration expertise and local market position we look forward to delivering our superior intelligent transportation solutions to the Mexican market."
"Through this investment, we look forward to building an even closer relationship with Kapsch TrafficCom. Kapsch TrafficCom and SIMEX offer our customers extensive expertise, not only about the Mexican marketplace, but also around the delivery of high performance ETC and ITS solutions and services to meet the critical demands of our customers," says Saturnino Suarez Reynoso, President of SIMEX.
SIMEX is a Mexican systems integration company with 28 years in the Mexican market in the fields of automation and control, toll collection, security and parking systems with a high level of expertise in providing customers with specific build to suit reliable solutions in all of the areas where it participates. It provides services to the Mexican market as well as the Central American countries. SIMEX is a full service company offering its clients from the basic design, engineering, procurement, installation, commissioning, training and maintenance and service, thus simplifying the process to its clients.
Kapsch TrafficCom is a provider of high-performance intelligent transportation systems (ITS) in the application fields of toll collection, urban access management and traffic safety and security. Kapsch TrafficCom covers the entire value creation chain of its customers as a one-stop shop by providing products and components as well as subsystems as open market products, by integrating them into turnkey systems or by developing end-to-end solutions, including services for the technical and commercial operations of systems. Within its current core business of electronic toll collection (ETC), Kapsch TrafficCom designs, builds and operates ETC systems, in particular for multi-lane free-flow traffic. With 280 references in 41 countries on all five continents and with almost 70 million on-board units delivered and about 18,000 lanes equipped, Kapsch TrafficCom has positioned itself among the internationally recognized suppliers of electronic toll collection worldwide. Kapsch TrafficCom is headquartered in Vienna, Austria, and has subsidiaries and representative offices in 30 countries.
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strategic partnerships, ITS, TrafficCom, participation, Mexico