Kapsch TrafficCom has acquired Transdyn, one of the leading advanced traffic management software and systems integration companies in the U.S. market, well-known for its DYNAC ATMS® (Advanced Traffic Management Software). Kapsch says the acquisition will enable them to offer an extended end-to-end product and solution portfolio for intelligent transportation systems (ITS) to its current and future customers around the globe.
Kapsch has installed and runs a large number of electronic toll collection (ETC) systems for multi-lane free-flow (MLFF) traffic (also referred to as open road tolling, ORT) around the globe. Transdyn is an established systems integrator offering innovative ITS solutions to customers that enable them to safely and securely manage and control vital facilities and processes, including highways, bridges, and tunnels.
“Transdyn and Kapsch are a perfect match,” said Georg Kapsch, CEO, Kapsch TrafficCom Group. “The current customer trend clearly shows the desire for a converged tolling and traffic management offering. Together, we can respond to market requests in a holistic approach and Kapsch will further extend its portfolio and reinforce its position as an end-to-end solutions provider.”
“Transdyn, a well-known provider of ITS and advanced traffic management solutions to highway, bridge and tunnel authorities, offers limited synergies with our other businesses,” said Mike Lucas, President and Chief Executive Officer, Powell Industries, Inc. “This transaction will allow us to focus on our core electrical power products businesses and provides Transdyn with additional opportunities. We appreciate the diligent work and many contributions of Transdyn’s dedicated employees.”
“We look forward to the potential growth opportunities ahead of us,” said Mark Thompson, President, Transdyn. “Integrating with Kapsch TrafficCom offers Transdyn employees and customers the strength of the Kapsch TrafficCom portfolio of solutions and dedication to the ITS market. Transdyn has a robust set of products and services, and this transaction enables Transdyn to extend this base into new international markets. Kapsch has a breadth of global industry knowledge and a distribution network to deliver Transdyn solutions globally.”
“We are bringing together a global leader in ETC and ITS Systems with a leader in advanced traffic management solutions and system integration,” said Chris Murray, President and CEO, Kapsch TrafficCom North America. “This ensures that we will continue to develop and deliver innovative solutions to meet the evolving needs of our customers around the world.”