Saab has divested its subsidiary Combitech Traffic Systems AB to Austria's
Kapsch AG. Combitech Traffic Systems is a world-leading company in systems
for electronic road tolling.
The electronic road tolling industry is currently in a period of
restructuring. At the same time, analyses indicate that it is an industry
of great future expansion, partly as a result of a growing need to finance
new infrastructure. Environmental and efficiency issues are also crucial
factors in many cases.
"I see this move as a logical one, as Combitech Traffic Systems have
products and technical know-how that complement Kapsch," says Gert
Schyborger, Chairman at Combitech Traffic Systems. "The deal is further
more a step in the process to restructure the business area Combitech.
Kapsch will be a better industrial environment for Combitech Traffic
Combitech Traffic Systems is a world-leading company in the construction,
production and sales of systems for electronic road tolling. The systems
are marketed under the PREMID@ and TOLLMATIC@ brands, and have to date
been installed and ordered for electronic tolling in over 1,500 automatic
tolling lanes for 1.7 million cars in 16 countries.
Kapsch AG today operates primarily in the telecom sector, and is a well
known systems supplier of both public and private networks in Europe.
Since its start in 1892, the company has been owned by the Kapsch family,
and now has a turnover of MSEK 3,500 and over 2,000 employees. In recent
years it has invested more in traffic applications, most recently through
its acquisition of Bosch's road tolling operation and has been
successfully supplying to that field.
"Thanks to the acquisition, Combitech Traffic Systems will now be in an
industrial environment that invests aggressively in our niche. Together we
will achieve a very strong position in electronic road tolling, in terms
of products, technology and market know-how. In order to remain a
competitive and complete supplier, we will need to master all aspects of
road tolling systems in the future. Kapsch's expertise in communication
and traffic applications, together with Combitech Traffic Systems'
products and know-how in road tolling, makes for a very strong
"This is an industrially sound structuring, with great benefits for
customers, buyers and sellers, and particularly for personnel in the
business," says Jan Germundsson, who will be staying as Managing Director
of Combitech Traffic Systems.
The financial result from divesting Traffic Systems is positive for Saab.
The parties have agreed to to reveal the purchase sum.
The deal is conditional upon the approval of the Austrian competition
Saab AB is active in the aircraft-, space- and defense industry and
supplies advanced products and systems based on sophisticated information
technology. The business areas are Military Aerospace, Space, Training
Systems, Commercial Aircraft and Combitech.
For further information, please contact:
Director of Corporate Communications and Public tel +46 36 19 40 15
Affairs, Saab AB
Jan Svedevall, PR & Public Affairs Manager
Combitech Traffic Systems tel +46 36 19 48 75
Brigitte Herdlicka, Public Relations Manager, Kapsch tel +43 1 81111 2705
Please visit http://www.bit.se for further information
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