Kapsch TrafficCom Strengthens Presence in Mexico

Business › n.a. ♦ Published: August 1, 2012; 16:33 ♦ (Vindobona)

The Austrian IT company acquired 33% of Mexican SIMEX.

Kapsch TrafficCom Strengthens Presence in Mexico / Picture: © Kapsch AG

Kapsch TrafficCom AG, 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…

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