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News ReleaseApril 25, 2007 — Boston Corporate Finance Advises Telvent on its Acquisition of Caseta Technologies
Together, BCF and Closa worked closely with Telvent’s offices in Spain and the U.S. in closing this transaction. “With the addition of Caseta’s technology to its existing solutions, Telvent has expanded its intelligent transportation Manuel Sanchez Ortega, Telvent’s Chairman and Chief Executive Officer, said, “Telvent’s acquisition of Caseta is another step in our strategic plan to expand our transportation business in the world-wide market. This acquisition will help to consolidate our leadership in core geographies and sectors and complete our suite of traffic solutions offerings. Telvent and Caseta are highly complementary businesses, with strong portfolios of integrated product solutions and a shared commitment to customer service.” Over the next several years there will be a significant increase in the number of toll roads in the U.S., with new toll collection facilities aimed at minimizing customer inconvenience by using state-of-the-art electronic free flow systems. As a result of the acquisition, Telvent will be able to offer a more complete electronic toll collection solution, including open road tolling functionality through its enriched technology platform and product portfolio. Glenn Deitiker, President of Caseta, said, “The U.S. toll business is growing significantly as State Departments of Transportation and concessionaires join toll authorities in implementing leading edge solutions as a way to economically manage increasing traffic congestion. By joining with Telvent, a global technology leader with strong resources world-wide, the combined firm will be positioned to capture greater share in these growing markets and become a leading technology provider in electronic toll collection.”
Caseta will become a wholly-owned subsidiary of Telvent Traffic North America, a U.S. company with offices in Rockville, Maryland, and Houston, Texas. Caseta’s senior executive team will remain in their current positions providing day-to-day technology and operational leadership and continuity on all existing projects. About Boston Corporate Finance Boston Corporate Finance, Inc. (BCF) is a technology focused investment banking firm serving industry leading companies in the global middle market. As an M&A International Inc. firm with offices in 38 countries across the globe, BCF is unique in its technology industry intelligence, transaction experience and global reach. Collectively, BCF and its M&A International partners closed over 290 transactions valued in excess of $17.5 billion in 2006. For more information on the services BCF offers, please visit www.bostoncf.com. About Closa Corporate Finance Advisors Established in 1987, Closa Corporate Finance Advisors (“Closa”) is Spain’s leading specialized advisor on mergers, acquisitions, fundraising and other corporate finance transactions. Its clients include successful family-owned and exchange-listed businesses, private equity firms, public and private financial institutions as well as state-owned entities Closa is known for its execution skills, expertise, speed and discretion. For more information, please visit www.closa.com. About M&A International Inc. M&A International Inc. offers the unparalleled resources of 42 M&A advisory and investment banking firms operating in 38 countries. Our members are closely linked in a global alliance to advise clients on acquisitions, divestitures, funding and joint ventures. Focused on the middle market, M&A International members have completed over 1,000 transactions in the last five years, worth more than $60 billion. During this period we have closed in excess of 250 cross-border deals. For more information, please visit www.mergers.net.
Boston Corporate Finance, Inc. Tel: (781) 320-3200 View this press release in PDF format.
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systems offerings in the U.S.,” said Brad Adams, Managing Director of Boston Corporate Finance. “As demonstrated by the acquisition of Caseta and