Quarterhill Inc T.QTRH

Kapsch

[cabbieJBJ]

Someone mentioned Kapsch as a potential big statement target.  Here are a couple of interesting pieces.  Kapsch's 10-year technology and services EZ PASS  contract is about to expire.  And an integrity audit in Maryland revealed overcharging.

Kapsch wins 10-year E-ZPass contract

Kapsch TrafficCom IVHS has been selected by the E-ZPass Group, a coalition of 24 toll agencies in 14 US states, as vendor for a new 10-year technology and services contracts, subject to individual agency approval processes.

Charging, Tolling & Road Pricing / January 27, 2012 

https://www.itsinternational.com/its1/news/kapsch-wins-10-year-e-zpass-contract

Recall that the EZ PASS system in Maryland had recent problems:

https://www.baltimoresun.com/maryland/bs-md-electronic-toll-errors-20210918-phgrprlz6vdw5lbv5t3empuuci-story.html

[astutein]

For all its worth??? On Oct 4 /2021 ETC hired Danby Swank to join leadership Team of ETC. ON May 4 2021 Kapsch hired Darby Senior VicePresident  of Major accounts- North America. Left Kapsch after 4 months to join ETC.  Over 20 years experience in tolling and expert in  marketing tolls and industry. Just a point of interest.

[cabbieJBJ]

Is that another dot to connect Astutein? Would the EZ PASS contract be a game changer? Perhaps ETC needs tuck-ins to win the contract. Enter the debenture financing announced on Wednesday. What do you think?

[wilander]

Starting to sound like some here will be tracking the flight plans of company planes soon. Lol. ;)

[cabbieJBJ]

Wilander, do you recall who was the flight plan tracking poster?

[barneyj44]

The flight plan poster may have been something like Engineer Supreme or one of the Shrimp Network Gang... 

[wilander]

Weren't there a few?

[redcoats]

We have planes?

[astutein]

cabbie  Don't have opinion on debenture financing proposal.and use of funds and.  the fact that debenture financing follows 200 million Preliminary Base Self Prospectus filing  of OCt 4 indicates to me that something big in works. Q3 conference  call or news release before will be most interesting. Just  for information purposes the total market cap for Kapsch

[cabbieJBJ]

Kapsch trailing 12-month worldwide revenue is 595M, although down from 731M year prior. An acquisition of a family controlled business of this size does not seem viable. But a major USA contract that has been with Kapsch is not unreasonable.

[cabbieJBJ]

financial numbers for Kapsch are Euros

[v_guerriero]

It has a market cap of less than $200M now.  It used to be able to deliver double digit EBITDA margins.  I agree it is very unlikely to swallow the whole thing.  Maybe just the US operations as it looks like the corporate parent may be in a bit of trouble.  

[cabbieJBJ]

Astutein, it appears the new 10-year EZ PASS RFP is under review right now. Google "EZ PASS RFP"