Kapsch TrafficCom strengthens presence in Mexico

Austria-headquartered 4984 Kapsch TrafficCom has announced that its subsidiary, Kapsch TrafficCom Canada (KTCC), has made a significant investment in Simex, Integracion de Sistemas, a Mexican systems integration company with 28 years of experience in the Mexican market in the fields of automation and control, toll collection, security and parking systems.

“This investment reinforces our commitment to our customers in Mexico,” said Chris Murray, president of KTCC. “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."

The Kapsch investment is in consideration for the issuance by Simex of new shares of capital stock representing 33 per cent of Simex’s post-closing issued and outstanding capital stock.

"Kapsch TrafficCom and Simex offer our customers extensive expertise, not only about 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.