Telvent has 'solid relationships' with Spanish infrastructure firms, as well as other international players
Interview with Larry Yermack, president of Telvent-Farradyne
December 2006
Spain Business, Issue 9
Trade Commission of Spain in Chicago
Copyright 2007
In the beginning of October, the new company Telvent-Farradyne started its operations as a united company in the U.S. The new company results from the acquisition by the Spanish Global RealTime IT company Telvent and the American company PB Farradyne, premier traffic information systems (ITS) developer in the U.S. We talk with Larry Yermack, president of the new company about the upcoming projects in the US.
What does this merger mean for TELVENT activities in the U.S?
The US has the fastest growing market for ITS technology with activity on city streets, highways and transit systems. The acquisition of Farradyne by Telvent to create Telvent-Farradyne gives the organization a significant presence in over 30 US locations so that we can offer the best local staff combined with world class technology to solve the complicated problems of transportation agencies.
Does the newly formed company have any examples or upcoming projects to illustrate how the expertise of both companies will be showcased?
Telvent has deployed electronic toll collection systems and transit ticketing systems in many locations around the world; this gives Telvent-Farradyne the opportunity to now offer these systems to our US customers. With the addition of this and other technology we are able to provide a much broader range of ITS products.
Reading your company information we find that it might sometimes be difficult for those non familiar with your technology to understand what does Telvent Farradyne exactly do… Could you explain us how your systems will help the American citizens and administrations?
Probably the best way to think about our work is to say our systems are designed to improve mobility. All of our projects are designed to make the surface transportation system operate more efficiently, so to that end we deploy advanced signal systems for urban mobility, freeway systems to allow highways to move better, traveller information systems so that people can avoid congested roads and transit systems so that people can arrange for the fastest possible trip.
Which are the main trends, and in which areas is expected the major market growth in the U.S. for the following years? What states offer the best oportunities?
The most exciting opportunity is the growth of tolling as a way to support new highway capacity, new roads, bridges and tunnels. There are major opportunities to deploy toll systems with public toll authorities, private developers as well as State Departments of Transportation. While some states have larger programs, such as Texas, virtually all US states have some toll activity.
Is Telvent-Farradyne going to partner with major Spanish energy and infrastructure companies in future projects in the U.S.?
The solid relationships that Telvent has in general with the Spanish energy and infrastructure firms, as well as other international players, should promise future opportunities to leverage these relationship in the US as, clearly, Telvent has a significant US presence and business. We hope they will continue to view us as a partner here in the US as they do in other markets.
Do you plan further acquisitions in the U.S.?
We have plans to grow Telvent-Farradyne’s business in North America and to that end we will consider acquisitions where they fit in with our business plans.
Trade Commission of Spain in Chicago
500 N. Michigan Ave., Suite 1500
Chicago, IL 60611
Tel: (312) 644- 1154 - Fax: (312) 527- 5531
© 2007 Spain Biz: www.icex.es
To search TTC News Archives clickHERE
To view the Trans-Texas Corridor Blog clickHERE
December 2006
Spain Business, Issue 9
Trade Commission of Spain in Chicago
Copyright 2007
In the beginning of October, the new company Telvent-Farradyne started its operations as a united company in the U.S. The new company results from the acquisition by the Spanish Global RealTime IT company Telvent and the American company PB Farradyne, premier traffic information systems (ITS) developer in the U.S. We talk with Larry Yermack, president of the new company about the upcoming projects in the US.
What does this merger mean for TELVENT activities in the U.S?
The US has the fastest growing market for ITS technology with activity on city streets, highways and transit systems. The acquisition of Farradyne by Telvent to create Telvent-Farradyne gives the organization a significant presence in over 30 US locations so that we can offer the best local staff combined with world class technology to solve the complicated problems of transportation agencies.
Does the newly formed company have any examples or upcoming projects to illustrate how the expertise of both companies will be showcased?
Telvent has deployed electronic toll collection systems and transit ticketing systems in many locations around the world; this gives Telvent-Farradyne the opportunity to now offer these systems to our US customers. With the addition of this and other technology we are able to provide a much broader range of ITS products.
Reading your company information we find that it might sometimes be difficult for those non familiar with your technology to understand what does Telvent Farradyne exactly do… Could you explain us how your systems will help the American citizens and administrations?
Probably the best way to think about our work is to say our systems are designed to improve mobility. All of our projects are designed to make the surface transportation system operate more efficiently, so to that end we deploy advanced signal systems for urban mobility, freeway systems to allow highways to move better, traveller information systems so that people can avoid congested roads and transit systems so that people can arrange for the fastest possible trip.
Which are the main trends, and in which areas is expected the major market growth in the U.S. for the following years? What states offer the best oportunities?
The most exciting opportunity is the growth of tolling as a way to support new highway capacity, new roads, bridges and tunnels. There are major opportunities to deploy toll systems with public toll authorities, private developers as well as State Departments of Transportation. While some states have larger programs, such as Texas, virtually all US states have some toll activity.
Is Telvent-Farradyne going to partner with major Spanish energy and infrastructure companies in future projects in the U.S.?
The solid relationships that Telvent has in general with the Spanish energy and infrastructure firms, as well as other international players, should promise future opportunities to leverage these relationship in the US as, clearly, Telvent has a significant US presence and business. We hope they will continue to view us as a partner here in the US as they do in other markets.
Do you plan further acquisitions in the U.S.?
We have plans to grow Telvent-Farradyne’s business in North America and to that end we will consider acquisitions where they fit in with our business plans.
Trade Commission of Spain in Chicago
500 N. Michigan Ave., Suite 1500
Chicago, IL 60611
Tel: (312) 644- 1154 - Fax: (312) 527- 5531
© 2007 Spain Biz:
To search TTC News Archives click
To view the Trans-Texas Corridor Blog click
posted by Porkus Maximus Tex: at Thursday, December 15, 2005
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