TagMaster/Sensys Networks, Kapsch TrafficCom announce agreement for North American components business

Stockholm, Sweden and Vienna, Austria, November 13, 2026 - TagMaster and Kapsch TrafficCom are pleased to announce they have entered into an agreement under which TagMaster, through U.S. subsidiary Sensys Networks, intends to acquire Kapsch TrafficCom's RFID-focused North American components business.

The transaction includes Kapsch TrafficCom Canada Inc., the related 915 MHz transponder and reader product portfolio, manufacturing operations in Mississauga, Ontario, and associated stand-alone components customer contracts. The transaction is expected to close during the 2027 calendar year.

The agreement brings together two organizations with deep experience in intelligent transportation systems and RFID-based technologies. Both companies view the transaction as a strategic step that supports long-term growth, continued innovation, and strong customer service across the North American transportation market.

For Kapsch TrafficCom, the agreement supports continued focus on its core businesses while positioning the North American components business for growth under an owner with a dedicated focus on sensor technologies and intelligent transportation systems. The transaction enables the components design and manufacturing business to continue to thrive while ensuring customers continue to receive the products and support they rely upon.

For TagMaster and Sensys Networks, the transaction strengthens their position in sensor systems for intelligent transportation systems (ITS), expands their customer base across North America, and broadens their portfolio of solutions serving tolling and mobility customers through the addition of established RFID-based transponder and reader technologies.

The North American components business has a long history of successfully developing and manufacturing tolling and mobility solutions for customers throughout the United States and Canada. The transaction includes the existing manufacturing operation in Mississauga, Ontario, which supports continuity of production, product quality, and customer supply while preserving the expertise and capabilities that have made the business a trusted supplier to transportation customers across North America.

"We are pleased to have reached an agreement that creates value for both organizations and provides a strong future for the business and its customers," said Brian Fuller, President Sensys Netwroks. "The business has built an outstanding reputation in the North American tolling market, and its products and expertise complement Sensys Networks' existing portfolio extremely well. We look forward to continuing to support customers with the reliability, quality, and service they expect."

"We are confident that TagMaster and Sensys Networks are the right long-term home for this business," said JB Kendrick, President of Kapsch TrafficCom North America. "Their focus on transportation technology and their commitment to the North American market create a strong foundation for continued success. This agreement allows Kapsch TrafficCom to further focus on its core businesses while ensuring the components business is well positioned to thrive under Sensys Networks' ownership. We are pleased to have found a solution that supports continued growth opportunities for the business while maintaining continuity for customers and business partners."

Following completion of the transaction, customers can expect continued support for existing products, programs, and services. The parties have entered into a long-term Preferred Supplier Agreement that will enable Kapsch TrafficCom to continue supporting its tolling projects and customers requiring transponders and multi-protocol readers following completion of the transaction, while maintaining continuity of supply, service, and quality.

The proposed transaction does not include Kapsch TrafficCom's tolling systems business, traffic management business, connected vehicle activities, or operations and maintenance services, which remain important parts of the company's North American operations.

The transaction remains subject to customary closing conditions, including required customer approvals and other contractual requirements. Subject to the satisfaction of these conditions, closing is expected to occur during the 2027 calendar year.

A division of Kapsch TrafficCom in Vienna, Kapsch TrafficCom North America is based in Atlanta, Georgia and serves customers in Canada, the United States, and Puerto Rico. The region is home to 700 team members across 25 offices and processes more than one billion customer transactions in the US every year.

More information: Press | Kapsch TrafficCom
 

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 areas of tolling and traffic management contribute to a healthier world without congestion.

With one-stop-shop solutions, the company covers the entire customer value chain, from components and design to the implementation and 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 2025/26 financial year, about 2,700 employees generated revenues of EUR 431 million.

TagMaster is an application oriented technical company developing and selling advanced sensor systems and solutions based on radio, radar, magnetic and camera technologies for demanding environments. TagMaster works in two segments – Segment Europe and Segment USA – with the trademarks TagMaster, Citilog, Quercus and Sensys Networks – with innovative mobility solutions for increased efficiency, security, safety, comfort and to reduce environmental impact in Smart Cities.

TagMaster has subsidiaries in England, France, Spain and US and exports mostly to Europe, The Middle East, Asia and North America through a global network of partners and system integrators. TagMaster was founded in 1994 and has its head office in Stockholm. TagMaster is a listed company and the share is traded at Nasdaq First North Premier Growth Market in Stockholm.