Austrian intelligent transportation systems provider delivering electronic tolling, GNSS-based road user charging, and traffic management solutions across 50+ countries.
Kapsch TrafficCom AG is an Austrian publicly listed intelligent transportation systems company headquartered in Vienna. It supplies and operates electronic tolling, location-based road charging, traffic-management and connected-vehicle systems. The business traces its origins to Johann Kapsch's Vienna workshop, founded in 1892, and now reports projects in more than 50 countries and subsidiaries or branches in more than 25 countries. In FY2025/26, approximately 2,700 employees generated revenue of EUR 430.6 million; tolling accounted for 69% of revenue and traffic management for 31%. KAPSCH-Group Beteiligungs GmbH owns 63.3% of the listed company and the remaining 36.7% is free float. Its New Zealand subsidiary, Kapsch TrafficCom New Zealand Limited, was incorporated in 2006. In February 2025, NZTA appointed the subsidiary, alongside SICE New Zealand, to a 10-year Road Pricing Infrastructure Panel for multi-lane free-flow infrastructure and related services. Kapsch was also among the parties engaged by the Ministry of Transport during market sounding on future RUC retail services.
Barrier-free toll collection using combinations of DSRC or RFID communications, automatic number-plate recognition, vehicle detection and classification, and roadside or gantry equipment. Kapsch supplies roadside, central-system and operational components.
Location-based charging that uses satellite positioning and Kapsch's Geo Location Platform for map matching and rating. Tariffs can be configured by factors including distance, location, time, vehicle class and emissions class. Bulgaria introduced GNSS distance tolling for vehicles over 3.5 tonnes in March 2020.
Electronic tolling systems combining roadside communications, video and number-plate recognition, classification, account management, billing and enforcement functions.
A cloud-based geolocation charging platform intended for national, urban or inter-urban distance-based charging. Kapsch says it can accept location data from dedicated devices, existing telematics equipment, in-vehicle systems or its TollAssist application.
Software and operational services for urban roads, highways, bridges and tunnels, including traffic-management centres and real-time network monitoring. This capability was expanded through the 2016 acquisition of Schneider Electric's transportation business.
Roadside and in-vehicle communications products supporting safety, traffic information and tolling applications. Kapsch has deployed a production-oriented connected-vehicle tolling project on North Carolina's Triangle Expressway.
GNSS and DSRC on-board units, position-sender software, asset management and geolocation-platform components for toll service providers, including European Electronic Toll Service certification support.
Johann Kapsch founded a precision mechanics workshop with 18 employees at Schottenfeldgasse in Vienna's seventh district. Early customers included the Austrian postal and telegraph authorities.
Kapsch ushered in the age of broadcasting in Austria, co-founding Radio Verkehrs AG (RAVAG), Austria's first broadcasting company. Manufactured radio receivers.
Launched the TFS-56, Austria's first black-and-white television set. In 1958, introduced 'Capri', Austria's first transistor radio.
Pivoted toward digital communications systems, discontinuing consumer electronics. Radio, television, and battery production ceased in the mid-1980s in favour of telecommunications infrastructure.
Founded international subsidiaries across Central and Eastern Europe -- Hungary, Czech Republic, Poland, Slovakia, Slovenia, and others -- ahead of post-communist market openings.
Implemented Austria's nationwide electronic truck tolling system for ASFINAG using microwave (DSRC) technology. The system went live in 2004 as the world's first country-wide multi-lane free-flow (MLFF) tolling system.
Implemented a toll system in the Czech Republic. Also registered Kapsch TrafficCom New Zealand Limited in Auckland (November 2006).
IPO on the Vienna Stock Exchange Prime Market (ticker: KTCG) on 26 June 2007, with 30% free float. The offering was oversubscribed 14 times. Acquired Mark IV IVHS, Inc. in the USA, entering the North American market.
Delivered MLFF tolling on Eastlink, a 39km toll road in Melbourne, Australia, observing over one million vehicle passages per day.
Acquired Schneider Electric's transportation business (formerly Telvent Trafico y Transporte), gaining advanced traffic management software (ATMS) capabilities and expanding into traffic management for urban, highway, and tunnel applications.
Deployed 100+ V2X roadside units along I-70 Mountain Corridor in Colorado in collaboration with Panasonic, Qualcomm, Ford, and Colorado DOT -- the world's first dual-mode V2X deployment. Won EUR 2B+ German passenger car toll (Pkw-Maut) contract as 50/50 joint venture (autoTicket) with CTS EVENTIM.
German government unilaterally terminated the Pkw-Maut contract following an EU Court of Justice ruling. autoTicket quantified damages claim at approximately EUR 560 million. Bulgaria GNSS-based satellite tolling system for heavy vehicles went live.
Debuted connected vehicle (CV)-based tolling with Central Texas Regional Mobility Authority (CTRMA). Sold 15.4% stake in Q-Free ASA (Norway). Acquired tolltickets GmbH.
Agreed comprehensive debt restructuring with major financial creditors (May 2023), targeting net debt reduction of at least EUR 60 million. Reached settlement with Germany for EUR 243 million over Pkw-Maut arbitration (July 2023), with Kapsch receiving approximately EUR 80 million.
Sold South African subsidiary TMT Services and Supplies and US subsidiary Traffic Technology Services (TTS) as part of Strategy 2027 portfolio review. Won barrier-free MLFF truck tolling contract in Spain's Basque region (26 gantries, 146 lanes, 1.4 million daily transactions). Austria's ASFINAG awarded contract for next-generation 'GO Maut 2.0' truck toll system.
Samuel Kapsch (fifth-generation family member) appointed COO (April 2025). Norwegian barrier-free MLFF tolling system for Vegfinans went live (July 2025). North Carolina Turnpike Authority launched world's first production-ready V2X toll collection system on Triangle Expressway. Partnered with Audi on V2X tolling roadmap for North America. Free-flow tolling system operational on Chile's Puente Industrial bridge.
FCC fully certified Kapsch RIS-9360 roadside unit -- the first connected vehicle hardware certified under new FCC C-V2X regulations (January 2026). Expanded NYSDOT traffic management operations with two new TMCs in Utica and Binghamton. Revised FY2025/26 outlook downward due to delayed project awards.
Reported FY2025/26 revenue of EUR 430.6 million and EBIT of EUR 5.6 million after a weak tolling market, project delays and the removal of two major operating projects. In July, signed an agreement to sell a majority stake in tolltickets GmbH, agreed restructuring terms with major financial creditors through March 2028, and appointed Markus Richter as CFO.
Chief Executive Officer / Chairman of Executive Board
Fourth-generation member of the Kapsch family. Joined the Kapsch Group in 1982 and has chaired the Kapsch TrafficCom Executive Board since 2002.
Chief Technology Officer
Joined Kapsch through the 2016 acquisition of Schneider Electric's transportation business and was appointed to the Executive Board in 2019.
Chief Operating Officer
Fifth-generation family member. His disclosed responsibilities include Latin America and Asia-Pacific, supply chain management, production, and marketing and communications.
Chief Financial Officer
Appointed by the Supervisory Board to support and oversee implementation of the company's restructuring process.
Chairwoman of the Supervisory Board
Chairs the Supervisory Board within Kapsch TrafficCom AG's two-tier governance structure.
Kapsch TrafficCom has a long-standing New Zealand corporate and tolling presence through Kapsch TrafficCom New Zealand Limited, incorporated in November 2006. NZTA records show earlier contracts for support and maintenance of the Northern Gateway tolling system. More recently, in February 2025 NZTA appointed Kapsch TrafficCom New Zealand Limited and SICE New Zealand to its Road Pricing Infrastructure Panel for multi-lane free-flow infrastructure, equipment, technology and related services. The panel arrangement has an expected term of 10 years; its value depends on specific requirements and does not by itself establish that Kapsch has received every future work order. The Ministry of Transport also identifies Kapsch as one of the parties engaged during its 2024–25 market sounding on future RUC retail services. These records establish direct participation in New Zealand tolling procurement and RUC policy engagement, beyond a potential-vendor role.
In 2018, autoTicket GmbH (a 50/50 joint venture between Kapsch TrafficCom and CTS EVENTIM) won a EUR 2 billion+ contract to implement and operate Germany's passenger car tolling system. Following an EU Court of Justice ruling that the toll was discriminatory, the German government unilaterally terminated the contract in September 2019. The joint venture quantified damages at approximately EUR 560 million and initiated arbitration proceedings. An arbitral tribunal confirmed that Germany was not permitted to withdraw without compensation. In July 2023, a settlement of EUR 243 million was reached, with Kapsch receiving approximately EUR 80 million. The dispute had a material impact on the company's financial position for several years.
After years of financial strain from the German Maut dispute, project losses in the Americas, and COVID-19 impacts, Kapsch TrafficCom agreed a comprehensive restructuring of its financing with major creditors in May 2023. Net debt had reached EUR 186 million with a gearing ratio well above sustainable levels. The restructuring targeted a net debt reduction of at least EUR 60 million. The company subsequently achieved significant deleveraging (net debt down to EUR 101.5 million by March 2025), aided by the German settlement proceeds and asset disposals, but the restructuring reflected a period of serious financial difficulty.
The Organisation Undoing Tax Abuse (OUTA) in South Africa alleged that Electronic Toll Collections (ETC), a subsidiary indirectly owned by Kapsch TrafficCom, and its South African entity TMT Services were involved in corruption and bribery. Allegations included unexplained payments of approximately R10 million to ProAsh Property Investments with no evidence of services rendered, and separate allegations that Kapsch's joint venture partner Intelligent Mobility Solutions (IMS) in Zambia received US$3.5 million as 'pre-sales costs' paid to an individual's personal account. The allegations were reported to the SA Police Service, the US Department of Justice, and the Vienna Stock Exchange. Kapsch TrafficCom refuted the allegations as 'pure conjecture and entirely unsubstantiated.' The company subsequently sold its TMT stake in 2024 as part of a strategic portfolio review.
The New York State Department of Transportation found Kapsch TrafficCom USA, Inc. to be 'non-responsible' and ineligible for two traffic management centre contracts in 2023. The determination was based on concerns about an undisclosed relationship with United DOTS, a company whose cofounders had joined Kapsch through the 2016 Schneider Electric acquisition, as well as issues from a 2019 contract. Kapsch challenged the determination in court but lost on appeal, with the New York Appellate Division ruling that the DOT had rational bases for its decision. Despite this setback, Kapsch subsequently won new NYSDOT contracts and began operating two additional traffic management centres in January 2026.
In October 2025, Kapsch TrafficCom issued a profit warning, revising its FY2025/26 revenue outlook from approximately EUR 510 million down to EUR 450 million, and EBIT from EUR 45 million to EUR 25 million. The company cited 'extremely hesitant awarding behaviour across the entire market' with infrastructure stimulus packages not yet translating into investment decisions, and delays in large project tenders. The share price, which had peaked near EUR 70 in 2018, was trading around EUR 6.50 by early 2026.
Kapsch TrafficCom reported FY2025/26 revenue of EUR 430.6 million, down 18.8%, and EBIT of EUR 5.6 million. Net debt rose to EUR 113 million and the company did not meet covenants under its 2025 refinancing as at 31 March 2026. In July 2026 it agreed a standstill and binding restructuring term sheet with major lenders and promissory-note creditors. Principal repayments were deferred through 31 March 2028, financing terms were tightened, dividends remained suspended, and Kapsch committed to cash-sweep repayments, cost and efficiency measures, planned asset disposals and consideration of measures to strengthen its capital base. A final restructuring agreement was expected by mid-September 2026.
1883916
9429033760506
NZ Limited Company
17 Nov 2006
9 Hamilton Road, Herne Bay, Auckland, 1011, New Zealand
Tracey Gordon
Doncaster, Australia
100 total shares
Kapsch TrafficCom AB
100 shares · Jonkoping, Sweden
Source: NZ Companies Office · Last checked February 2026
View on Companies RegisterAnalysis of notable corporate and institutional shareholders. Individual shareholders are excluded.
Kapsch TrafficCom Sweden
Kapsch TrafficCom AB
The registered holder of all 100 shares in Kapsch TrafficCom New Zealand Limited. Kapsch's group financial statements identify Kapsch TrafficCom AB as a wholly owned group company. No primary source reviewed explains why the New Zealand investment is held through this Swedish entity.
Kapsch TrafficCom
Kapsch TrafficCom AG
Traced via researchThe Austrian parent group, listed on the Vienna Stock Exchange Prime Market under KTCG. In FY2025/26 it reported revenue of EUR 430.6 million, approximately 2,700 employees and a EUR 1.3 billion order backlog.
Kapsch family holding company
KAPSCH-Group Beteiligungs GmbH
Traced via researchOwns 63.3% of Kapsch TrafficCom AG; free float is 36.7%. It is wholly owned by DATAX HandelsgmbH. DATAX is held in equal proportions, partly directly and partly indirectly, by Traditio-Privatstiftung and CHILDREN OF ELISABETH-Privatstiftung, whose beneficiaries are members of the Kapsch family.
