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telent acquires intelligent traffic systems group, TSEU03 March 2008 – telent, a leading provider of technology services, today announced that it has acquired TSEU Group (incorporating Traffic Signals UK Limited and Microsense Systems Limited), a specialist provider of traffic control solutions and services in the urban roads market, predominately in the UK. The acquisition is in line with telent’s strategy to grow its presence and service offering in the transportation sector, and strengthens its presence in the urban roads market. The combination of telent’s consultancy and systems integration capability and TSEU’s traffic equipment offerings and local authority customer base gives telent one of the leading positions in this market. TSEU Group develops a range of solutions to improve the management of local authority transport infrastructure in the face of increasing traffic congestion. The company designs, installs, supports and manages traffic solutions, ranging from the design of traffic controls through to the development of traffic management software. TSEU has offices and depots across the UK and employs approximately 200 people. The company’s key customers include the local authorities of Cambridgeshire, Kent, Glasgow and civils contractors, including Amey and Carillion. “This is a fantastic opportunity for telent”, commented Mark Plato, CEO of telent. “We already have an established relationship with the Highways Agency and have over 30 years’ experience of providing integrated services and solutions to customers in the UK road industry. The acquisition of TSEU Group will help us to further extend our experience and knowledge beyond the motorway network and into the cities, where we see growth opportunities driven by the need for electronic tolling and intelligent traffic information and management.” telent Limited supplies a broad range of communications support services to telecommunications operators, as well as to large enterprises and government agencies in the UK and Germany, leveraging its accumulated knowledge of customers’ networks, its expert field force, its scale and reputation for quality. Additional information about telent Limited can be found at www.telent.com Press enquiries:
Copyright © telent Technology Services Limited 2008. All rights reserved. All brands and product names and logos are trademarks of their respective holders. It is possible that this announcement could or may contain forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements often use words such as anticipate, target, expect, estimate, intend, plan, goal, believe, will, may, should, would, could or other words of similar meaning. Undue reliance should not be placed on any such statements because, by their very nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results, and telent's plans and objectives, to differ materially from those expressed or implied in the forward-looking statements. There are several factors which could cause actual results to differ materially from those expressed or implied in forward looking statements. Among the factors that could cause actual results to differ materially from those described in the forward-looking statements are delays in obtaining, or adverse conditions contained in regulatory approvals, competition and industry restructuring, changes in economic conditions, currency fluctuations, changes in interest and tax rates, changes in energy market prices, changes in laws, regulations or regulatory policies, developments in legal or public policy doctrines, technological developments, the failure to retain key management, or the key timing and success of future acquisition opportunities. telent undertakes no obligation to revise or update any forward looking statement contained within this announcement, regardless of whether those statements are affected as a result of new information, future events or otherwise, save as required by law and regulations.
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