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MarketScreener Homepage  >  Equities  >  Xetra  >  Siemens AG    SIE   DE0007236101

SIEMENS AG

(SIE)
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Siemens : Mobility intends to acquire SCATS traffic controller provider

10/21/2020 | 07:59am EST

Siemens Mobility intends to acquire Aldridge Traffic Controllers (ATC) based in Sydney, Australia.

ATC is a traffic controller provider with manufacturing and engineering competencies as well as a licensed SCATS software distributor

ATC is a main player in the Asia-Pacific market for urban traffic management, where SCATS is the predominant technology

The intended acquisition will allow Siemens Mobility ITS to enhance its core business, gain access to new customers and to expand its footprint

Siemens Mobility will further implement its strategy for ITS to reduce congestion, increase safety and comfort and improve air quality in cities around the world

The acquisition is subject to regulatory approval by the respective authorities

Siemens Mobility has initiated proceedings for the acquisition of Aldridge Traffic Controllers (ATC), a main player in the market for urban traffic control and SCATS customers around the world. ATC is one of a few companies holding a license to distribute the Sydney Coordinated Adaptive Traffic System (SCATS), a holistic, innovative and scalable system of traffic management software and SCATS type approved controllers. Through the intended acquisition, SCATS customers will get access to Siemens Mobility's broad Intelligent Traffic Systems (ITS) product and solution portfolio as well as global ITS domain competence. Furthermore, the intended acquisition of ATC will allow Siemens Mobility to strengthen its core business of traffic management and expand its footprint and operations in the APAC region, one of the fastest growing markets for traffic management. As a result of this intended acquisition, Siemens Mobility will be able to provide the entire chain of major adaptive traffic control systems globally.

'We believe this strategic acquisition will greatly enhance our ability to offer innovative, comprehensive and adaptive traffic management solutions,' said Markus Schlitt, CEO of Siemens Mobility Intelligent Traffic Systems. 'This important association will allow us access to a worldwide base of installed traffic controllers and will position Siemens Mobility to become an established ITS player in the fast-growing APAC region, further increasing our market share for adaptive traffic management systems.'

SCATS accounts for one third of the adaptive traffic control systems globally with installations in around 190 cities in 28 countries. With around 80% of the installations located in APAC, it is the predominant traffic control system in the region. The system is owned by Transport for New South Wales, Australia.

In addition to manufacturing SCATS-compliant traffic signal controllers for the world market, ATC provides a variety of services such as traffic signal design, traffic engineering, traffic management consulting as well as training.

If the acquisition is approved by the authorities, ATC will be managed as a legally independent company under the roof of the Intelligent Traffic Systems business unit within Siemens Mobility.

For further information about Siemens Mobility, please see:

www.siemens.com/mobility

For this press release

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Siemens Mobility is a separately managed company of Siemens AG. As a leader in transport solutions for more than 160 years, Siemens Mobility is constantly innovating its portfolio in its core areas of rolling stock, rail automation and electrification, turnkey systems, intelligent traffic systems as well as related services. With digitalization, Siemens Mobility is enabling mobility operators worldwide to make infrastructure intelligent, increase value sustainably over the entire lifecycle, enhance passenger experience and guarantee availability. In fiscal year 2019, which ended on September 30, 2019, the former Siemens Mobility Division posted revenue of EUR8.9 billion and had around 36,800 employees worldwide. Further information is available at: www.siemens.com/mobility.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Sales 2021 58 189 M 70 525 M 70 525 M
Net income 2021 4 491 M 5 443 M 5 443 M
Net Debt 2021 27 452 M 33 272 M 33 272 M
P/E ratio 2021 20,3x
Yield 2021 3,25%
Capitalization 90 553 M 110 B 110 B
EV / Sales 2021 2,03x
EV / Sales 2022 1,91x
Nbr of Employees 293 000
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