xerox

ACS, A Xerox Company, to Keep Los Angeles Drivers Moving with Electronic Toll Collection for New Express Lanes

ACS, A Xerox Company, Helping Maryland Drivers Get There Quicker with All-Electronic Road

A Xerox ACS official tells us veteran toller Alan Allegretto is joining them to be a Leader Toll Collection Operations working directly to Ken Philmus. His formal title will be Vice President Transportation Solutions

Senior ACS officials tell us that the ACS brand could be phased out quite quickly in favor of Xerox, their new parent company. For now it is "ACS, a Xerox company" (see new logo below) but soon all ACS products and services will be sold under the Xerox brand.

Shareholders of Xerox and ACS both gave their approval today to the copier company's buy of ACS, the leading customer service provider  for electronic tolling in the US. The vote was 96% in favor among Xerox stockholders and 86% among the owners of ACS.

Sept 28 Xerox announced it had reached an agreement to buy ACS for $6b of stock and cash. Then for almost three months nothing more was heard, fanning speculation recently that the deal was in trouble. Not so they say.

Yah gotta love the nonsense that gets thrown around in discussion of toll technology over the Xerox buy-up of ACS.
 
John Fortt billed as a senior writer for Fortune and a specialist in technology and innovation says of the deal in a report in Fortune Brainstorm we picked up on CNN/Money:

Xerox is buying ACS, the companies announced this morning. Both companies are listed public companies, and the buy is for $6.4b in stock and cash. ACS is involved in tolling through purchase of a business unit that came from Lockheed Martin in the 1990s.