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EANS-Adhoc: Kapsch TrafficCom AG / Kapsch sells its share in Russian Joint Venture Concentration on strategic projects

Geschrieben am 12-11-2012

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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Company Information

12.11.2012

Ad hoc Release
013080900

Moscow/Vienna, 12 November 2012 - Kapsch TrafficCom AG (ISIN
AT000KAPSCH9), listed on the Vienna Stock Exchange in the prime
market segment, announces that LLC Kapsch TrafficCom Russia has
withdrawn from the joint venture OOO United Toll Systems (UTS). UTS
is the joint venture that was awarded a contract for maintenance of
the toll-based operation of the Russian M-4 Don motorway in December
2011. Kapsch TrafficCom Russia held a share of 33.3 percent in this
joint venture. The joint venture partner Mostotrest takes over these
shares in UTS. The deal will amount to EUR 6 million and is expected
to close by the end of 2012.

"The decision was made for reasons of company strategy", says Michael
Weber, member of the Board at Kapsch TrafficCom Russia. "Kapsch is an
experienced supplier of Intelligent Transportation Systems (ITS). Our
primary focus is therefore not the operation of roads but to build
and operate advanced toll systems and ITS solutions. Consequently, we
want to continue to concentrate on other strategic projects and ITS
opportunities in Russia, such as city access solutions, other toll
projects and the upcoming tender for a national toll system",
explains Weber. General Director of Mostotrest Vladimir Vlasov adds:
"We are pleased that Kapsch TrafficCom Russia is remaining our
partner in providing consulting services and technical support for
the project's implementation."

New leadership for Kapsch Russia

"The Russian market has great potential in our field of business",
emphasizes Erwin Toplak, COO of Kapsch TrafficCom. "We are looking
forward to further cooperation in providing products, solutions and
services for Russian road concessions in general and UTS in
particular. We will therefore focus our efforts in order for our
local organization to be ideally positioned for upcoming projects in
Russia, which are very demanding of resources." As part of this
effort, Boris A. Borisov was appointed the new CEO of Kapsch
TrafficCom Russia on 1 June 2012. Borisov previously held leadership
positions at Motorola and General Electric, as well as a number of
local companies.

Kapsch TrafficCom is a provider of high-performance intelligent
transportation systems (ITS) in the application fields of toll
collection, urban access management and traffic safety and security.
Kapsch TrafficCom covers the entire value creation chain of its
customers as a one-stop shop by providing products and components as
well as subsystems as open market products, by integrating them into
turnkey systems or by developing end-to-end solutions, including
services for the technical and commercial operations of systems.
Within its current core business of electronic toll collection (ETC),
Kapsch TrafficCom designs, builds and operates ETC systems, in
particular for multi-lane free-flow traffic. With 280 references in
41 countries on all continents and with almost 70 million on-board
units delivered and about 18,000 lanes equipped, Kapsch TrafficCom
has positioned itself among the internationally recognized suppliers
of electronic toll collection worldwide. Kapsch TrafficCom is
headquartered in Vienna, Austria, and has subsidiaries and
representative offices in 30 countries. For additional information,
please visit {www.kapschtraffic.com}[HYPERLINK:
http://www.kapschtraffic.com].

Mostotrest (including LLC Corporation Engtransstroy and LLC
TRANSSTROYMEKHANISATSIYA) is the largest diversified infrastructure
and bridge-building company in Russia. According to EMBS Group, the
independent industry consultancy, Mostotrest had an 8.6% share of the
total Russian infrastructure construction market in 2011 (excluding
road maintenance and rehabilitation). Mostotrest's core competences
include construction and rehabilitation of automobile, railway and
urban bridges, automobile roads and other transport infrastructure.
The company was established in 1930 as a developer of complex and
oversized bridges, and has built and rehabilitated more than 7,500
infrastructure projects (bridges, flyovers, tunnels and interchanges)
to date.

Follow us on Twitter: {twitter.com/kapschnet}[HYPERLINK:
http://twitter.com/kapschnet].

Disclaimer

This ad-hoc release constitutes neither an offer to sell nor a
solicitation to buy any securities. The securities have already been
sold.

This ad-hoc release and the information it contains are not for
publication in the United States of America (U.S.A.) and may not be
distributed to U.S. persons (as defined in Regulation S of the U.S.
Securities Act ("Securities Act") of 1933, as amended) or to
publications with a general circulation in the U.S.A. This stock
exchange announcement does not constitute an offer for the sale of
securities or solicitation of an offer to purchase securities in the
U.S.A. The securities of Kapsch TrafficCom AG have not been
registered under the provisions of the Securities Act and may not be
offered, sold or delivered to U.S. persons without prior registration
under or exemption from the registration requirements.

This ad-hoc release is exclusively addressed to persons (i) outside
the United Kingdom, or (ii) who are investment professionals for the
purposes of article 19(5) U.K. Financial Services and Markets Act
2000 (Financial Promotion) Order 2005 (the "Order"), as amended, or
(iii) who are included under article 49(2)(a)-(d) of the Order ("high
net worth companies, unincorporated associations, etc.). All such
persons are hereinafter referred to as "Relevant Persons". No person
who is not a Relevant Person may take action on the basis of this
press release or the information contained herein or rely thereon.
Investment or investment activities in connection with this press
release are only available to Relevant Persons, and investment
business will only be transacted with Relevant Persons.

Further inquiry note:
Mag. Marcus Handl
Investor Relations Officer
Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna, Österreich
Tel.: +43 50 811 1120
E-Mail: {ir.kapschtraffic@kapsch.net}
[HYPERLINK: mailto:ir.kapschtraffic@kapsch.net]

Press contact:
Mag. Katharina Riedl
Spokesperson
Kapsch AG
Am Europlatz 2
1120 Vienna, Österreich
Tel. +43 50 811 1705
E-Mail: {katharina.riedl@kapsch.net}
[HYPERLINK: mailto:katharina.riedl@kapsch.net]

end of announcement euro adhoc
--------------------------------------------------------------------------------

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


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