Skip to main content

Q-Free increases share capital

Following the completion of the acquisition of UK company TDC Systems and its Australian sister company, the Board of Directors of Q-Free has approved an increase in the company’s the share capital of US$44,638, which will be carried out by the issuance of 704,037 new shares with a par value of US$0.063.
April 4, 2014 Read time: 1 min
Following the completion of the acquisition of UK company 131 TDC Systems and its Australian sister company, the Board of Directors of 108 Q-Free has approved an increase in the company’s the share capital of US$44,638, which will be carried out by the issuance of 704,037 new shares with a par value of US$0.063.

Related Content

  • March 28, 2014
    Q-Free strengthens ATMS business
    Q-Free has strengthened its position in the market for advanced transportation management systems with the signing of a share purchase agreement for the acquisition of intelligent transportation systems (ITS) supplier TDC Systems for an estimated cash and equity consideration of US$16.6 million dependent on future financial performance. Established in 1998, TDC Systems comprises TDC Systems in the UK and its sister company TDC Systems in Australia, both of which are owned by founder and managing director
  • March 27, 2014
    TDC acquisition broadens Q-Free’s product offering
    Norwegian tolling specialist Q-Free has acquired TDC Systems which develops products for traffic counting and classifying, weigh-in-motion, cycle and pedestrian detection, traffic signal prioritisation and tunnel monitoring as well as sensors and software for travel-time detection and air quality monitoring. UK-headquartered TDC has offices in Australia and Malaysia with customers in 50 countries around the world.
  • September 23, 2014
    Q-Free acquisition expands ATMS business
    Q-Free has further expanded its advanced traffic management systems and road user charging business, with the acquisition of US company Open Roads Consulting. Q-Free says Open Roads Consulting's software solutions will be a valuable addition to its own ATMS solutions in the US and internationally. Established in 2000, Open Roads Consulting has 74 employees and operates mission critical traffic deployments and video based surveillance of critical assets in 30 states in the US. “We are happy to close t
  • April 30, 2014
    Q-Free reports increased revenue for first quarter of 2014
    Q-Free reported 22 per cent increase in revenues to US$28 million in the first quarter of 2014, reflecting continued growth for products and service and maintenance but lower projects revenues. Operating profit (EBIT) increased to US$166,000 from an operating loss of US$8.8 million in the first quarter of 2013; pre-tax profit improved to US$333,000 from a loss of US$9.1 million in the same period last year.