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Munich/Vienna/Berlin, 30 December 2018. The German Federal Ministry of Transport and Digital Infrastructure as the responsible contracting authority today officially commissioned a consortium consisting of CTS EVENTIM AG & Co. KGaA and Kapsch TrafficCom AG with the collection of the German passenger vehicle toll (‘Pkw-Maut’). After none of the unsuccessful bidders had made use of their legal protection rights under public procurement law, the client and contractor today sealed their cooperation by notarisation.
CTS EVENTIM and Kapsch TrafficCom had taken part in the EU-wide tender for this project as a bidding consortium. The operating company is to be a joint venture in which each company will hold an equal, 50-percent stake, and which both companies expect to consolidate at equity.
The contract between the Federal Republic of Germany and the operating company has a base term of twelve years starting with the first collection of the infrastructure charge. For the operating company (i.e. the joint venture), the total contract volume throughout the minimum term of the contract amounts to almost two billion euros including VAT. The principal can extend the contract once for three years, or three times by one year (hence, up to a total term of 15 years).
About CTS EVENTIM
CTS EVENTIM is one of the leading international providers of ticketing services and live entertainment. In 2017, more than 250 million tickets were marketed using the company’s systems – through stationary box offices, online or mobile. Its online portals operate under brands such as eventim.de, oeticket.com, ticketcorner.ch, ticketone.it, and entradas.com. The EVENTIM Group also includes many concert, tour and festival promoter companies for events like ‘Rock am Ring’, ‘Rock im Park’, ‘Hurricane’, and ‘Southside’. In addition, some of Europe’s most renowned venues are operated by CTS EVENTIM, for example the LANXESS arena in Cologne, the Waldbühne in Berlin and the EVENTIM Apollo in London. CTS EVENTIM AG & Co. KGaA (ISIN DE 0005470306) has been listed on the stock exchange since 2000 and is currently a member of the SDAX segment. In 2017, its 3,020-strong workforce generated more than one billion euros in revenues in 23 countries.
