Powell Industries POWL 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.
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