Vienna/Mexico City – Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on the Vienna Stock Exchange in the prime market segment, informs that its subsidiary Kapsch TrafficCom Canada Inc. ("KTCC") has made an investment in SIMEX, Integracion de Sistemas, S.A. de C.V., Mexico, in consideration for the issuance by SIMEX of new shares of capital stock representing 33% of SIMEX's post-closing issued and outstanding capital stock.
According to Chris Murray, President of KTCC, "We are pleased to enter into this partnership with Simex. This investment reinforces our commitment to our customers in Mexico. Together with Simex's proven system integration expertise and local market position we look forward to delivering our superior intelligent transportation solutions to the Mexican market."
"Through this investment, we look forward to building an even closer relationship with Kapsch TrafficCom. Kapsch TrafficCom and SIMEX offer our customers extensive expertise, not only about the Mexican marketplace, but also around the delivery of high performance ETC and ITS solutions and services to meet the critical demands of our customers," says Saturnino Suarez Reynoso, President of SIMEX.
SIMEX is a Mexican systems integration company with 28 years in the Mexican market in the fields of automation and control, toll collection, security and parking systems with a high level of expertise in providing customers with specific build to suit reliable solutions in all of the areas where it participates. It provides services to the Mexican market as well as the Central American countries. SIMEX is a full service company offering its clients from the basic design, engineering, procurement, installation, commissioning, training and maintenance and service, thus simplifying the process to its clients.
About Kapsch TrafficCom
Kapsch TrafficCom is an international supplier of superior intelligent transportation systems (ITS) and primarily supplies electronic toll collection (ETC) systems. With its end-to-end solution portfolio, Kapsch TrafficCom covers the entire value creation chain of its customers, from products and systems to integration and operations, as a one-stop shop. Kapsch TrafficCom also offers solutions for urban access management as well as for traffic safety and security. Add-on applications to these solutions complement the offering. With references in 41 countries in all five continents, Kapsch TrafficCom has positioned itself among the internationally recognized suppliers of intelligent transportation systems. Kapsch TrafficCom AG is headquartered in Vienna, Austria, and represented in 27 countries.