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Kapsch TrafficCom's South African subsidiary wins contract worth EUR 17.5 million

Published: September 2, 2010; 18:53 · (Vindobona)

TMT Services and Supplies, the South African subsidiary of Kapsch TrafficCom has been awarded a contract by the City of Johannesburg worth approximately EUR 17.5 million.

Kapsch TrafficCom's South African subsidiary wins contract worth EUR 17.5 million / Picture: © Kapsch AG

TMT Services and Supplies (Proprietary) Limited, the South African subsidiary of Kapsch TrafficCom AG (ISIN AT000KAPSCH9, listed on the Vienna Stock Exchange in the prime market segment), has been awarded a contract by the City of Johannesburg to install and thereafter operate an Automatic Fare Collections (AFC) system on their bus fleet worth Rand 175 million (approximately EUR 17.5…

This article includes a total of 581 words.

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