euro adhoc: Kapsch TrafficCom AG / Mergers - Acquisitions - Takeovers / Kapsch TrafficCom AG acquires all of the assets of the Mobility Solutions business unit of TechnoCom Corporation in the U.S.

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Company Information

06.06.2008

Vienna, June 6, 2008 - Kapsch TrafficCom AG (ISIN AT000KAPSCH9),
listed on the Vienna Stock Exchange in the prime market segment,
entered into an agreement to acquire, through its subsidiary Kapsch
TrafficCom Inc, all of the assets of the Mobility Solutions business
unit of TechnoCom Corporation, a corporation organized under the laws
of the State of Delaware and with its primary place of business in
Encino, California..

The Mobility Solutions business unit of TechnoCom Corporation
conducts a business which, among other things, develops, owns,
markets, and licenses vehicle infrastructure integration
technologies, including but not limited to multiband configurable
networking units (MCNU), and related technology and intellectual
property for the transportation and automotive industries, systems
integrators and federal, state, and local government agencies. The
Mobility Solutions business unit is located in Carlsbad, California,
and currently employs twelve employees and two independent
consultants. The Mobility Solutions business unit engages mainly in
business with the Vehicle Infrastructure Integration Consortium
(VIIC), a non-profit organization comprised of various automotive
original equipment manufacturers, formed to develop and submit
solution proposals to the United States Department of Transportation
related to the new communication standard 5.9 GHz WAVE (Wireless
Access in the Vehicular Environment) for future tolling systems,
car-to-car communications and improved traffic safety, and the
implementation of road traffic telematics solutions, as well as for
use in "infotainment" and entertainment. The Mobility Solutions
business unit provides solutions for the Vehicle Infrastructure
Integration proof-of-concept projects and test beds located in
Michigan, California and New York.

The purchase price for the assets of the Mobility Solutions business
unit consists of USD 15.0 million in cash to be paid upon the closing
of the transaction, the assumption of certain liabilities of the
Mobility Solutions business unit, post-closing earn-out payments to
TechnoCom of up to USD 4.0 million, which depend on the achievement
of certain sales and operational milestones, and post-closing
payments to TechnoCom based on the realization of certain tax
benefits resulting from the transaction. The purchase price is
subject to adjustment after the closing based on the final
determination of closing date working capital. The closing of the
transaction is subject to the satisfaction or waiver of certain
closing conditions which Kapsch TrafficCom expects to be satisfied or
waived in the course of June 2008.

Kapsch TrafficCom is an international supplier of innovative road
traffic telematics solutions. Its principle business is the
development and supply of electronic toll collection (ETC) systems,
in particular for multi-lane free-flow (MLFF), and the technical and
commercial operation of such systems. Kapsch TrafficCom also supplies
traffic management systems, with a focus on road safety and traffic
control, and electronic access systems and parking management. With
more than 140 installed tolling systems in 30 countries in Europe,
Australia, Latin America, the Asian/Pacific region and South Africa,
and almost 12 million On-Board Units and nearly 10.700 equipped
lanes, Kapsch TrafficCom has positioned itself among the market
leaders in ETC systems worldwide. Kapsch TrafficCom is headquartered
in Vienna, Austria, and has subsidiaries and representative offices
in 20 countries.

This release constitutes neither an offer to sell nor a solicitation
to buy any securities. The securities have already been sold. This
release is not being issued in the United States of America and must
not be distributed to U.S. persons (as defined in Regulation S of the
U.S. Securities Act of 1933, as amended ("Securities Act")) or
publications with a general circulation in the United States. This
press release does not constitute an offer or invitation to purchase
any securities in the United States. The securities of Kapsch
TrafficCom AG have not been registered under the Securities Act and
may not be offered, sold or delivered within the United States or to
U.S. persons absent from registration under or an applicable
exemption from the registration requirements of the United States
securities laws. This release is directed only at persons (i) who are
outside the United Kingdom or (ii) who have professional experience
in matters relating to investments falling within Article 19(5) of
the Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005 (as amended) (the "Order") or (iii) who fall within
Article 49(2)(a) to (d) ("high net worth companies, unincorporated
associations etc.") of the Order (all such persons together being
referred to as "Relevant Persons"). Any person who is not a Relevant
Person must not act or rely on this communication or any of its
contents. Any investment or investment activity to which this
communication relates is available only to Relevant Persons and will
be engaged in only with Relevant Persons.

end of announcement euro adhoc
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ots Originaltext: Kapsch TrafficCom AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Marcus Handl

Investor Relations

Kapsch TrafficCom AG

Wagenseilgasse 1,1120 Wien, Austria

phone: +43 (0) 50 811 1122

mail: ir.kapschtraffic @ kapsch.net

www.kapschtraffic.com

Branche: Technology
ISIN: AT000KAPSCH9
WKN:
Index: Prime.market
Börsen: Wiener Börse AG / official market