Kapsch TrafficCom AG, listed on the Vienna Stock Exchange in the prime market segment, reveals that its subsidiary Kapsch TrafficCom Canada Inc. ("KTCC") has made an investment in SIMEX, Integracion de Sistemas, S.A. de C.V., Mexico, relating to the issuing by SIMEX of new shares of capital stock representing 33% of SIMEX's post-closing issued and outstanding capital stock.
According to Chris Murray, President of KTCC, “We are pleased to enter into this partnership with Simex. This investment reinforces our commitment to our customers in Mexico. Together with Simex's proven system integration expertise and local market position we look forward to delivering our superior intelligent transportation solutions to the Mexican market.”
“Through this investment, we look forward to building an even closer relationship with Kapsch TrafficCom. Kapsch TrafficCom and SIMEX offer our customers extensive expertise, not only on the Mexican marketplace, but also around the delivery of high performance ETC and ITS solutions and services to meet the critical demands of our customers,” says Saturnino Suarez Reynoso, President of SIMEX.
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