DALLAS, Dec. 14 /PRNewswire-FirstCall/ -- Affiliated Computer Services,
Inc. (NYSE: ACS), a premier provider of business process outsourcing and
information technology solutions, announced today that it has completed its
acquisition of the Transport Revenue division of Ascom AG, a Switzerland-based
communications company. ACS gains three business units: transit, parking, and
toll collection with office locations across nine countries.
The purchase price was CHF 130 million (approximately USD $100 million),
funded through ACS' existing credit facility. Other details of the
transaction were consistent with the terms and conditions announced in ACS'
press release dated August 3, 2005.
Already a leading provider of transportation solutions to U.S. state and
local governments, this acquisition launches ACS into the international
transportation services industry and will expand ACS' portfolio in the transit
and parking payment markets. The acquisition adds toll collection customers
to ACS' existing customer base.
"In terms of revenue, this acquisition solidifies ACS' position as the
leading provider of transportation solutions to governments worldwide," said
Tom Burlin, Group President of ACS Government Solutions. "We gain an
experienced management team, leading edge technological solutions, and a
global marketing platform from which to serve customers in more than 30
countries."
Transport Revenue has over 40 years in the transportation payment
solutions market. The business has 1,000 transit payment solutions for rail,
bus, tram, and subway operators; over 1,000 parking systems for airports,
municipal authorities, hospitals, and other parking lots; and over 600 highway
lanes equipped for toll collection in the U.S. alone.
The acquisition brings approximately 800 employees to ACS from locations
in Switzerland, France, the United Kingdom, Spain, Italy, China, Mexico,
Chile, and the United States. The group will be led by its current Managing
Director, Riet Cadonau, and will be integrated into ACS' Transportation
Solutions line of business headed by Michael Huerta. Currently, ACS collects
over $4 billion in transportation usage fees annually. The acquisition will
enable ACS to better serve the large transit and parking payment solutions
markets.
ACS, a FORTUNE 500 company with more than 50,000 people supporting client
operations in nearly 100 countries, provides business process outsourcing and
information technology solutions to world-class commercial and government
clients. The company's Class A common stock trades on the New York Stock
Exchange under the symbol "ACS". ACS makes technology work. Visit ACS on the
Internet at http://www.acs-inc.com .
The statements in this news release that do not directly relate to
historical facts constitute "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. These statements are
subject to numerous risks and uncertainties, many of which are outside the
Company's control. As such, no assurance can be given that the actual events
and results will not be materially different than the anticipated results
described in the forward-looking statements. Factors could cause actual
results to differ materially from such forward-looking statements. For a
description of these factors, see the Company's prior filings with the
Securities and Exchange Commission, including our most recent filing. ACS
disclaims any intention or obligation to revise any forward-looking
statements, whether as a result of new information, future event, or
otherwise.
SOURCE ACS, Inc.
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Related links:
http://www.acs-inc.com
CONTACT:
investor relations, Warren Edwards, Executive
Vice President- Chief Financial Officer, +1-214-841-8082, or
warren.edwards@acs-inc.com , or media, Lesley Pool, Senior Vice
President-Chief Marketing Officer, +1-214-841-8028, or
lesley.pool@acs-inc.com , both of ACS, Inc.
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