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Thursday, April 17, 2008

ACS Acquires Transportation Management Systems For $42.5 Million - InformationWeek

Outsourcer Affiliated Computer Services said Thursday that it have acquired Orbital Sciences Corporation's Transportation System Management Systems concern for $42.5 million.

TMS supplies public theodolite federal agencies and transportation system companies with computerised fleet direction tools that usage planetary placement systems to track vehicles. The unit of measurement posted about $50 million in grosses in the 12 calendar months prior to the end of March 2008, according to ACS.

ACS executive director VP Michael Huerta said in a statement that the acquisition will beef up ACS's "end-to-end transportation services." The trade will be financed through a combination of existing hard cash and borrowed funds, actiniums said.

Fleet direction systems are becoming increasingly critical for public theodolite federal agencies and other transportation system concerns owed to the rise in combustible prices. Organizations typically utilize such as systems to guarantee that vehicles are following the most efficient paths possible and also to maintain checks on drivers.

TMS have more than than 60 customers, including the Capital Of Tennessee Populace Theodolite System and the Tampa Theodolite System.

Dallas-based ACS supplies a figure of transportation-related services to authorities and to the private sector, including E-ZPass electronic toll collection, airdrome and urban parking systems and photograph microwave radar systems.

Last month, the company won a five-year, $25 million trade to construct a camera-based traffic enforcement system for the metropolis of Winnipeg in the Canadian state of Manitoba. actiniums supplies similar services for metropolises in the states of Alberta and Ontario.

ACS president Charles Darwin Deason last twelvemonth attempted to take the company private, but the program was rejected by ACS's board.

ACS shares were up 1.30% to $51.99 in late morning time trading on Thursday.

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