Kapsch TrafficCom Acquires Mark IV IVHS

CompaniesTechnology ♦ Published: November 6, 2010; 14:11 ♦ (Vindobona)

Mark IV IVHS is the largest supplier of electronic toll collection (ETC) equipment in North America. Kapsch pays USD 70 million.

Kapsch TrafficCom Acquires Mark IV IVHS / Picture: © Kapsch AG

Kapsch TrafficCom AG has agreed to acquire through subsidiaries the businesses of MARK IV IVHS, part of MARK IV, LLC (U.S.), in the United States, in Canada and in Mexico for a purchase price of USD 70 million (approximately EUR 50 million), subject to certain closing conditions and subject to certain potential price adjustments based on working capital included with the…