EANS-Adhoc: Kapsch TrafficCom AG expands Intelligent Transportation Systems (ITS) portfolio // Smart parking provider Streetline acquired

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Mergers - Acquisitions - Takeovers
16.04.2015

Vienna, April 16, 2015 - Kapsch TrafficCom AG (ISIN AT000KAPSCH9),
listed on the Vienna Stock Exchange in the prime market segment,
informs that it has acquired controlling ownership of
California-based Streetline, Inc., an innovative provider of smart
parking solutions.

"Transportation's future is about enabling exceptional user
experiences with intelligent mobility solutions," said Georg Kapsch,
CEO of Kapsch TrafficCom AG. "Kapsch will integrate Streetline's
cutting-edge smart parking applications and data analytics with
Kapsch's intelligent transportation system (ITS) and world-class
electronic toll collection (ETC) and traffic management solutions
(TMS) to provide motorists with a better end-to-end transportation
experience."

With more than 350 million parking events in more than 30 cities,
universities, and corporate campuses in North America and Europe,
Streetline is a major provider of real-time parking data, analytics
and other smart transportation applications.

Georg Kapsch added, "Streetline's industry-leading smart parking
solutions are an ideal complement to Kapsch TrafficCom's electronic
toll collection and traffic management solutions introducing 'whole
trip' efficiencies. We will continue to invest in Streetline until it
begins to contribute positively to Kapsch TrafficCom earnings, which
is projected to occur in about 18 months."

By expanding its global presence into the Silicon Valley, Kapsch
TrafficCom's position to develop and deliver new, valued-added
transportation solutions using known and emerging technologies is
also enhanced. "Streetline opens up new customer opportunities for
Kapsch and offers smart parking solutions that assist motorists in
finding available parking that best suits their needs," said Manny
Krakaris, President & CEO of Streetline.

About Streetline, Inc. Streetline's award winning Parker© application
is an easy to use iPhone and Android application that will empower
Kapsch TrafficCom to engage closer with consumers than ever before
for guidance, payment, and other services. Streetline's ParkerMap©
integrates ITS intelligence into a merchant's website to solve key
merchant needs for traffic information and parking convenience that
encourages consumer spending. Streetline's ParkSight© analytics and
reporting platform empowers parking providers to optimize parking
policy and resource utilization. Streetline is a leading smart
parking company delivering smart data and advanced analytics to solve
parking issues for customers worldwide. Streetline's pioneering
technology makes the parking experience for consumers easier, while
making cities, university and corporate campuses more efficient and
reducing their carbon footprint. Streetline generated revenue of USD
2.7 million in 2014. Headquartered in Foster City, California
Streetline has smart parking deployments across the U.S., Canada and
Europe. The company was previously named one of Fast Company's 10
Most Innovative Companies in Transportation, as well as IBM Global
Entrepreneur of the Year. Streetline was also named Best Mobile
Innovation for 'Smart Cities' for its Parker application at the 2013
Mobile World Congress. In addition, Streetline was named a Gartner
2013 Cool Company, was recognized with the 2013 Frost & Sullivan
North American Competitive Strategy Leadership Award, and in
September 2014 was elected to the Intelligent Transportation Society
(ITS) World Congress Hall of Fame.

Kapsch TrafficCom is a provider of intelligent transportation systems
(ITS) in the application fields of road user charging, urban access
and parking, road safety enforcement, commercial vehicle operations,
electronic vehicle registration, traffic management and V2X
cooperative systems. Kapsch TrafficCom covers with end-to-end
solutions 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 solutions of Kapsch TrafficCom help to
finance infrastructure, to increase traffic safety, to optimize
traffic flow, and to reduce environmental pollution from traffic. The
core business is to design, build and operate electronic toll
collection systems for multi-lane free flow traffic. References in 44
countries on all continents make Kapsch TrafficCom a recognized
supplier of electronic toll collection worldwide. As part of the
Kapsch Group, a family-owned Austrian technology group founded in
1892, Kapsch TrafficCom, headquartered in Vienna, Austria, has
subsidiaries and representative offices in 33 countries. In North
America, the company operates offices in the United States in
California, Georgia, Kentucky, New Jersey, New York, Kentucky, Texas
and Virginia, and also in Canada and Mexico. Kapsch TrafficCom AG has
been listed on the Vienna Stock Exchange (KTCG) since 2007. The
Kapsch TrafficCom Group generated with more than 3,300 employees
revenues of EUR 487.0 million in fiscal year 2013/14. For additional
information: www.kapsch.net and www.kapschtraffic.com

Further inquiry note:
Press Contact:
Ingrid Lawicka
Spokesperson
Kapsch AG
Am Europlatz 2, 1120 Vienna, Austria
Phone: +43 50811 1705
E-mail: ingrid.lawicka@kapsch.net

Investor Contact:
Marcus Handl
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
Phone: +43 50 811 1120
E-mail: ir.kapschtraffic@kapsch.net

end of announcement euro adhoc
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issuer: Kapsch TrafficCom AG
Am Europlatz 2
A-1121 Wien
phone: +43 1 50811 1122
FAX: +43 1 50811 99 1122
mail: ir.kapschtraffic@kapsch.net
WWW: www.kapschtraffic.com
sector: Technology
ISIN: AT000KAPSCH9
indexes: Prime Market
stockmarkets: official market: Wien
language: English