LONDON, December 16, 2015 /PRNewswire/ --
Conquest Advisory LLP ('Conquest') acted as exclusive financial advisor to Kapsch TrafficCom AG ("Kapsch TrafficCom") on its agreement to acquire the global transportation business of Schneider Electric S.E.
Working closely with Kapsch TrafficCom's shareholders and management team, Conquest provided cutting-edge corporate finance and transaction advisory expertise, and supported the approach, due diligence and negotiation workstreams of the transaction.
This acquisition reflects the current expanding need for integrated solutions that leverage a variety of tectonic trends taking place across the globe, ranging from massive urbanization and the rise of megacities across high-growth markets to the development of smart connected and greener cities in mature economies.
With 2014 revenues of €134 million in Spain, Latin America, the US and the Middle East, Schneider Electric's Transportation Business will bring to Kapsch TrafficCom an industry portfolio of integrated advanced traffic management solutions for urban, highway and tunnel applications as well as tolling and transit solutions. Kapsch TrafficCom will step-up its intelligent mobility solutions (IMS) strategy, significantly grow its customer offering with an integrated portfolio of intelligent transportation systems (ITS) extending from the highway to the city, and expand its global footprint in important growth markets.
Frederic Palanque, Managing Director at Conquest said: "We are proud to support Kapsch Trafficom on this complex multi-country transaction from the start, bringing Conquest's problem-solving approach and international transaction experience to the table."
The agreement is conditioned upon meeting certain regulatory conditions and other customary closing conditions, with completion of the transaction expected in the coming months.
Conquest is an international investment banking firm and asset manager owned by its directors. Conquest has developed a significant expertise in a broad range of transactions and strategic situations across various industries. It advises, structures, and raises capital for corporate and private equity investors on an international basis.
About Kapsch TrafficCom
Kapsch TrafficCom is a provider of intelligent transportation systems (ITS) in the solution segments of road user charging, urban access and parking, traffic management, road safety enforcement, commercial vehicle operations, electronic vehicle registration and V2X cooperative systems. With end-to-end solutions, Kapsch TrafficCom covers the entire value creation chain of its customers as a one-stop shop, from components and design to the installation and operation of systems. The core business is to design, build and operate electronic toll collection and traffic management systems. As part of the Kapsch Group, a family-owned Austrian technology group founded in 1892, Kapsch TrafficCom, headquartered in Vienna, Austria, has subsidiaries and offices in 33 countries, has been listed on the Vienna Stock Exchange (KTCG) since 2007, and generated with more than 3,500 employees revenues of EUR 456 million in fiscal year 2014/15.
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For more information about Kapsch Trafficcom, visit www.kapsch.net/
SOURCE Conquest Advisory LLP