Kontron AG: Kontron acquires public transport business in Spain from Kapsch TrafficCom

Linz, 29 August 2022: Kontron (group.kontron.com, ISIN AT0000A0E9W5, WKN A0X9EJ, KTN) through Kontron Transportation GmbH (Austria) has entered into an agreement with Kapsch TrafficCom to acquire the public transport business in Spain, which is bundled in the Kapsch TrafficCom Group company Arce Mobility Solutions, S.A. The transaction is subject to regulatory approvals. Public transport is not part of Kapsch TrafficCom’s strategic core business.

Kontron Transportation GmbH is an international leading provider of end-to-end communication systems for railways. The company also offers ticketing solutions for public transport and the acquisition enriches this business. In the last fiscal year 2021/22 Arce Mobility Solutions, S.A. generated revenues of 11.2 million EUR and employs more than 115 people.

Relevant advantages are expected with the acquisition of the company: The technology group expands its own product portfolio and increases internal engineering capacities. Moreover, Kontron Transportation GmbH increases its presence in the public transport sector on the Iberian market and further expands the existing business.

Similar news

Contract wins: Kontron signs 3 major railway contracts worth exceeding EUR 100m

Vienna, February 07, 2024 – Kontron announces contract wins in Ireland, Austria, and Slovenia worth exceeding EUR 100m. With these ...
Explore

Kontron acquires majority stake in Katek SE and expands leading position in the IoT market

59.4% of shares acquired from KATEK’s majority shareholder PRIMEPULSE High-growth areas of photovoltaics and eMobility Smart Charging complement Kontron’s product ...
Explore

Guidance 2024: Kontron expects another sharp increase in net profit to over EUR 87 million in 2024

Net profit for 2024 is expected to grow 21% against forecast of 2023 2023 targets met and surpassed Linz, 15 ...
Explore