ACS to buy transit and parking division of Swiss firm

Affiliated Computer Services (ACS), which provides traffic and parking technologies for revenue collection, will purchase the transit and parking division of a Switzerland-based communications company for about $100 million.

The deal with Ascom Holding is not expected to close until December, and international regulatory agencies must still approved it agencies, according to an ACS announcement. The Swiss company’s Transport Revenue Division, which has customers in the United States and eight other countries, consists of three business units – transit, parking and toll collection.

“This combination will solidify ACS’ position as the leading provider of transportation solutions to governments worldwide in terms of revenue,” Tom Burlin, group president of ACS Government Solutions, said in a prepared statement. “With Transport Revenue, we will add a strong management team, leading-edge technological solutions and a global marketing platform serving customers in over 30 countries.”

Although ACS' transportation division has a few international contracts, the purchase of the Swiss division signals a significant leap into the global market.

Featured

  • Telecommunications
    Stock photo ID: 658810513 By asharkyu

    GSA extends EIS deadline to 2023

    Agencies are getting up to three more years on existing telecom contracts before having to shift to the $50 billion Enterprise Infrastructure Solutions vehicle.

  • Workforce
    Shutterstock image ID: 569172169 By Zenzen

    OMB looks to retrain feds to fill cyber needs

    The federal government is taking steps to fill high-demand, skills-gap positions in tech by retraining employees already working within agencies without a cyber or IT background.

  • Acquisition
    GSA Headquarters (Photo by Rena Schild/Shutterstock)

    GSA to consolidate multiple award schedules

    The General Services Administration plans to consolidate dozens of its buying schedules across product areas including IT and services to reduce duplication.

Stay Connected

FCW Update

Sign up for our newsletter.

I agree to this site's Privacy Policy.