Kapsch TrafficCom names new CEO for its North American operations and renames MARK IV IVHS

"We are pleased that Chris Murray has agreed to head our entire North American operations" stated Georg Kapsch, CEO of Kapsch TrafficCom Group. "As the President of MARK IV IVHS, he is experienced in this very specialized business segment. We are confident that under his leadership, Kapsch TrafficCom will be recognized in North America for excellence in service and support, and for providing a comprehensive portfolio of Intelligent Transportation Systems and Electronic Toll Collection solutions which meet the business needs of our clients".

Also effective February 1, 2011, Kapsch TrafficCom Group's MARK IV IVHS companies have been renamed. Collectively, the companies will be called Kapsch TrafficCom IVHS in the U.S. and Canada, with Mexico following shortly. The names of other Kapsch TrafficCom companies in the U.S. are not affected by this change.

Kapsch TrafficCom acquired MARK IV IVHS - the largest supplier of components for electronic toll collection in North America ,- on November 30, 2010. Through this acquisition, Kapsch TrafficCom now offers existing and future customers in North America an expanded and integrated (end-to-end) product and solutions portfolio in Intelligent Transportation Solutions and Electronic Toll Collection. Kapsch will continue to provide a high quality of service and support to existing MARK IV IVHS customers in the U.S., Canada and Mexico. 

About Kapsch TrafficCom

Kapsch TrafficCom is an international supplier of superior intelligent transportation systems (ITS). Its principle business is the development and supply of electronic toll collection (ETC) systems, in particular for the multi-lane free-flow (MLFF) of the traffic, and the technical and commercial operation of such systems. Kapsch TrafficCom also supplies traffic management systems, with a focus on road safety and traffic control, and electronic access systems and parking management. With approximately 260 references in 40 countries on five continents, and with about 40 million on-board units (OBUs) delivered worldwide and almost 17,000 lanes equipped - including more 21.8 million transponders on-the-road and more than 3,700 lanes equipped for the E-ZPass group in the Northeast of the United States thru the acquisition of MARK IV IVHS in 2010 - Kapsch TrafficCom has positioned itself among the leading suppliers of ETC systems worldwide. Kapsch TrafficCom is headquartered in Vienna, Austria, and has subsidiaries and representative offices in 25 countries. In North America the company operates offices in Ontario, California, Maryland, Pennsylvania and Virginia, and Mexico.