Kapsch TrafficCom acquires MARK IV IVHS creating leadership in Intelligent Transportation Systems (ITS)

Kapsch TrafficCom AG yesterday concluded the acquisition of MARK IV IVHS, which includes operations in the United States, in Canada and in Mexico, from subsidiaries of MARK IV, LLC, for a purchase price of approximately USD 70 million (approximately EUR 53 million). The acquisition of the largest equipment supplier for electronic toll collection (ETC) systems in North America is further evidence of Kapsch TrafficCom’s firm commitment to the North American market. This acquisition enables Kapsch TrafficCom to offer its current and future customers in North America an extended end-to-end product and solution portfolio for Intelligent Transportation Systems (ITS) and ETC.