Safety21 S.p.A. acquires Kapsch TrafficCom Italia,the Italian branch of Kapsch TrafficCom AG, an Austrian company listed on the Vienna stock exchange, a globally recognized provider of technological solutions for mobility.
With this transaction, Safety21 further strengthens its series of acquisitions at the national and international level, intended to incorporate core links in the chain of services offered by the Group to the Public bodies in the Smart Mobility market.
Kapsch TrafficCom Italia has been a leader since 2008 in the manufacturing, sale and maintenance of IoT for traffic offense detection, with a particular focus on access control in Limited Traffic Zone (LTZ) and this acquisition allows the extension of the range of cutting-edge IoT technological solutions and scalable and innovative outsourcing services, allowing Safety21 to serve over 300 public bodies, with an installed base of over 700 active and operational enforcement IoTs throughout Italy.
Safety21 was supported in the transaction by the advisor Itom Invest while the legal aspects were handled by Grimaldi for Kapsch and Orrick for the buyer. The banks involved, a pool made up of Banco BPM and MPS, were followed by Legance.