Powell Industries Sells Transdyn to Kapsch TrafficCom for $16M

Powell Industries

today announced the sale of its subsidiary, Transdyn, Inc., to Kapsch TrafficCom, a global provider of electronic toll collection (ETC) systems, headquartered in Vienna, Austria.  The transaction closed January 15, 2014 at a price of $16 million subject to post-closing working capital adjustments.  Transdyn contributed revenues of approximately $32 million in fiscal 2013 and was reported in Powell's Process Control Systems business segment.