Statement by Kapsch TrafficCom on the termination letters regarding the German infrastructure charge.
In 2018, MTS Maut & Telematik Services GmbH, a 100% subsidiary of Kapsch TrafficCom AG, was awarded the contract for planning, development, implementation, operation and maintenance of the automated ISA enforcement system (automatic enforcement) of the German infrastructure charge (passenger vehicle toll). Furthermore, a consortium consisting of Kapsch TrafficCom AG and CTS EVENTIM AG & Co. KGaA was commissioned with the collection of the German passenger vehicle toll. Today, Kapsch TrafficCom was informed by the customer about the termination of both contracts with effect of 30 September 2019. Currently, the termination and its consequences are being evaluated. The contracts contain protective provisions that guard against pecuniary damages for the operating company and its shareholders. This also applies in the event that the infrastructure charge is not introduced.
Kapsch TrafficCom is a provider of intelligent transportation systems in the fields of tolling, traffic management, smart urban mobility, traffic safety and security, and connected vehicles. As a one-stop solutions provider, Kapsch TrafficCom offers end-to-end solutions covering the entire value creation chain of its customers, from components and design to the implementation and operation of systems. The mobility solutions supplied by Kapsch TrafficCom help make road traffic safer and more reliable, efficient, and comfortable in urban areas and on highways alike while helping to reduce pollution.
Kapsch TrafficCom is an internationally renowned provider of intelligent transportation systems thanks to the many projects it has brought to successful fruition in more than 50 countries around the globe. As part of the Kapsch Group, Kapsch TrafficCom has subsidiaries and branches in more than 30 countries. It has been listed in the Prime Market of the Vienna Stock Exchange since 2007 (ticker symbol: KTCG). Kapsch TrafficCom currently has more than 5,200 employees, and generated revenue of approximately EUR 693.3 million in fiscal year 2017/18.