EANS-News: Kapsch TrafficCom AG / Consortium of Kapsch TrafficCom and CTS EVENTIM officially commissioned to collect German passenger vehicle toll. CNE

Sunday, 30. December 2018 18:30
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Government Contracts

Vienna/Munich/Berlin - The German Federal Ministry of Transport and Digital
Infrastructure as the responsible contracting authority today officially
commissioned a consortium consisting of Kapsch TrafficCom AG and CTS EVENTIM AG
& Co. KGaA with the collection of the German passenger vehicle toll ('Pkw-
Maut'). After none of the unsuccessful bidders had made use of their legal
protection rights under public procurement law, the client and contractor sealed
their cooperation by notarization today.

Kapsch TrafficCom and CTS EVENTIM had taken part in the EU-wide tender for this
project as a bidding consortium. The operating company is to be a joint venture
in which each company will hold an equal, 50-percent stake, and which both
companies expect to consolidate at equity.

The contract between the Federal Republic of Germany and the operating company
has a base term of twelve years starting with the first collection of the
infrastructure charge. For the operating company (i.e. the joint venture), the
total contract volume throughout the minimum term of the contract amounts to
almost EUR 2 billion (including VAT). The principal can extend the contract once
for three years, or three times by one year (hence, up to a total term of 15
years).

______
Kapsch TrafficCom is a provider of intelligent transportation systems in the
fields of tolling, traffic management, smart urban mobility, traffic safety and
security, and connected vehicles. As a one-stop solutions provider, Kapsch
TrafficCom offers end-to-end solutions covering the entire value creation chain
of its customers, from components and design to the implementation and operation
of systems. The mobility solutions supplied by Kapsch TrafficCom help make road
traffic safer and more reliable, efficient, and comfortable in urban areas and
on highways alike while helping to reduce pollution.

Kapsch TrafficCom is an internationally renowned provider of intelligent
transportation systems thanks to the many projects it has brought to successful
fruition in more than 50 countries around the globe. As part of the Kapsch
Group, Kapsch TrafficCom has subsidiaries and branches in more than 30
countries. It has been listed in the Prime Market of the Vienna Stock Exchange
since 2007 (ticker symbol: KTCG). Kapsch TrafficCom currently has more than
5,200 employees, and generated revenue of approximately EUR 693.3 million in
fiscal year 2017/18.

Further inquiry note:
Press contact: 
Alf Netek
Chief Marketing Officer & Press Officer
Kapsch Aktiengesellschaft
Am Europlatz 2
1120 Vienna, Austria
P +43 50 811 1700
alf.netek@kapsch.net

Alexandra Vieh
Head of Marketing and PR, Global
Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna, Austria
P +43 50 811 1728
alexandra.vieh@kapsch.net

Investor contact:	
Hans Lang
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna, Austria
P +43 50 811 1122
ir.kapschtraffic@kapsch.net

end of announcement                         euro adhoc
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issuer:       Kapsch TrafficCom AG
              Am Europlatz  2
              A-1120 Wien
phone:        +43 1 50811 1122
FAX:          +43 1 50811 99 1122
mail:         ir.kapschtraffic@kapsch.net
WWW:          www.kapschtraffic.com
ISIN:         AT000KAPSCH9
indexes:      
stockmarkets: Wien
language:     English

EAX0001    2018-12-30/18:30

Related Links: Kapsch TrafficCom AG
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