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Ad hoc Release

November 28, 2016 - 16:11:23 CET - Investor News

Kapsch TrafficCom awarded by ASFINAG with the installation and the technical operation of the “GO Maut 2.0 – Mauttechnik”

Vienna, November 28, 2016 – Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed at the Vienna Stock Exchange in the Prime Market segment, has been informed by the Austrian motorway operator ASFINAG (ASFINAG AUTOBAHNEN- UND SCHNELLSTRASSEN-FINANZIERUNGS-AKTIENGESELLSCHAFT) about being awarded with the installation and the technical operation of the “GO Maut 2.0 – Mauttechnik” (country-wide tolling system for vehicles with more than 3.5 tons). The respective contract has been concluded and work commences immediately. The technical operation will begin upon acceptation of the new system and will be rendered for a term of ten years whereas the mandate can be extended five times for a one year period. The profitability of the new project will not be as high as of the current, still on-going project.

Kapsch TrafficCom is a provider of intelligent transportation systems (ITS) in the segments of toll collection, city access control and parking space management, traffic management, traffic monitoring, utility vehicle monitoring, electronic vehicle registration and V2X cooperative systems. The end-to-end solutions of Kapsch TrafficCom cover the entire value creation chain of its customers, from components and design to the installation and operation of systems, all from a single source. The core business comprises the development, installation and operation of electronic toll collection and traffic management systems.
Reference projects in more than 50 countries on all continents have made Kapsch TrafficCom a globally recognized ITS provider. As part of the Kapsch Group, an Austrian family-owned technology group founded in 1892, Kapsch TrafficCom is headquartered in Vienna, Austria, and has subsidiaries and branches in 33 countries. It has also been listed since 2007 on the Vienna Stock Exchange (KTCG) and earned revenues of EUR 526 million in the 2015/16 fiscal year. The company employs over 4,600 employees worldwide.

 

Press contact:

Ingrid Lawicka
Spokesperson
Kapsch AG
Am Europlatz 2, 1120 Vienna, Austria
P +43 50 811 1705
ingrid.lawicka@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

 

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