SPAIN: Kontron Transportation has completed the acquisition of Kapsch TrafficCom’s ticket vending machine and access control business Arce Mobility Solutions for €7·6m.
The deal was announced in August 2022, with Kapsch TrafficCom saying Arce was not seen as a core business, and following regulatory approval completion of the transaction was announced on January 17.
Arce employs 115 people at nine sites in Spain, and generated revenues of €11m in the year ending March 2022.
‘This is definitely an enrichment for our group and a boost for our ambitions in public transport’, said Bernd Eder, CEO of Wien-based Kontron Transportation which has similar activities in Belgium, North America and the Netherlands.
