ACS Completes Acquisition of Ascom's European-Based Transport Division

ACS gains three business units: transit, parking, and toll collection with office locations across nine countries.

The purchase price was CHF 130 million (approximately USD $100 million), funded through ACS' existing credit facility. Other details of the transaction were consistent with the terms and conditions announced in ACS' press release dated August 3, 2005.

Already a leading provider of transportation solutions to U.S. state and local governments, this acquisition launches ACS into the international transportation services industry and will expand ACS' portfolio in the transit and parking payment markets. The acquisition adds toll collection customers to ACS' existing customer base.

"In terms of revenue, this acquisition solidifies ACS' position as the leading provider of transportation solutions to governments worldwide," said Tom Burlin, Group President of ACS Government Solutions. "We gain an experienced management team, leading edge technological solutions, and a global marketing platform from which to serve customers in more than 30 countries."

Transport Revenue has over 40 years in the transportation payment solutions market. The business has 1,000 transit payment solutions for rail, bus, tram, and subway operators; over 1,000 parking systems for airports, municipal authorities, hospitals, and other parking lots; and over 600 highway lanes equipped for toll collection in the U.S. alone.

The acquisition brings approximately 800 employees to ACS from locations in Switzerland, France, the United Kingdom, Spain, Italy, China, Mexico, Chile, and the United States. The group will be led by its current Managing Director, Riet Cadonau, and will be integrated into ACS' Transportation Solutions line of business headed by Michael Huerta. Currently, ACS collects over $4 billion in transportation usage fees annually. The acquisition will enable ACS to better serve the large transit and parking payment solutions markets.

Abous ACS

ACS, a FORTUNE 500 company with more than 50,000 people supporting client operations in nearly 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS". ACS makes technology work. Visit ACS on the Internet at www.acs-inc.com .