Kapsch TrafficCom closes sale of public transport business in Spain
As already published on August 29, 2022, Kapsch TrafficCom agreed to sell the Spanish public transport business unit, bundled in the group company "Arce Mobility Solutions", to the technology company Kontron. The transaction was subject to regulatory approvals and has now been closed.
The purchase price is in line with management expectations and amounts to EUR 7.6 million. Kapsch TrafficCom will generate an other operating income of EUR 5.8 million from this transaction, which will be included in the results on the third quarter of 2022/23.
Details on the results for the first three quarters of 2022/23 will be published on February 22, 2023.
Kapsch TrafficCom is a globally renowned provider of transportation solutions for sustainable mobility with successful projects in more than 50 countries. Innovative solutions in the application fields of tolling, tolling services, traffic management and demand management contribute to a healthy world without congestion.
With one-stop-shop solutions, the company covers the entire value chain of customers, from components to design and implementation to the operation of systems.
Kapsch TrafficCom, headquartered in Vienna, has subsidiaries and branches in more than 25 countries and is listed in the Prime Market segment of the Vienna Stock Exchange (ticker symbol: KTCG). In its 2021/22 financial year, 4,220 employees generated revenues of about EUR 520 million.