Q-Free reorganises, becomes full ITS supplier

Q-Free’s management is taking the next steps decided to move the company from a road user charging supplier to a fully-integrated ITS company. Over the last few years, Q-Free has acquired eight companies in order to broaden its technology and customer base. To maximise the potential of these assets the company plans further streamlining and reduction of fixed costs and investment, including organisational changes, reduction in the management team and organisation, and optimisation of investments in sales
December 7, 2015 Read time: 2 mins
108 Q-Free’s management is taking the next steps decided to move the company from a road user charging supplier to a fully-integrated ITS company.

Over the last few years, Q-Free has acquired eight companies in order to broaden its technology and customer base. To maximise the potential of these assets the company plans further streamlining and reduction of fixed costs and investment, including organisational changes, reduction in the management team and organisation, and optimisation of investments in sales and technology development.

When fully implemented, Q-Free believes the strategy, along with other cost initiatives already carried out, will deliver a reduction in annual costs of more than US$8 million and significantly improve the company’s profitability and financial robustness.

“These initiatives will further strengthen our ability to become an ITS company with competitive solutions addressing the global ITS market,” says Q-Free acting CEO Roar Østbø. “Moving forward, management will focus on developing a sound commercial and operational platform to support further growth. Furthermore, Q-Free will bring to market joint offerings, leveraging technologies from various parts of the Q-Free technology portfolio. These will primarily be in the areas of tolling, parking management and traffic management. Q-Free aims to continue the transformation and build a profitable growth company serving the global ITS market.”
Charging, Tolling & RUC

For more information on companies in this article

Related Content

  • What's next for traffic management and data collection?
    January 26, 2012
    As the technologies and stakeholders in traffic management evolve, what can we expect to see happening in the coming years? For many, the conversation of the moment is just how, and how far, the newer technologies and services provided principally by the private sector should be allowed to intrude into the realms of traffic management.
    Read More
  • Free-flow upgrade to Holland's Westerschelde tunnel's toll system
    February 1, 2012
    Unbroken service Technolution's Winifred Roggekamp and Dave Marples describe efforts to upgrade the Westerscheldetunnel's tolling system to give free-flow capability. Until 2003 the Flanders region of Zeeland, in the south-west of the Netherlands, was connected to the mainland only by ferry. The new Westerscheldetunnel, a 6.6km toll tunnel, improves communications with the region considerably, taking some 100km off the alternative road journey. In 2006 it was recognised that the toll plaza for the tunnel ne
    Read More
  • When caring about sharing is good business for US automakers
    October 28, 2015
    Although car-sharing and ride-sharing could drastically reduce car sales, David Crawford finds some US automakers are keen to participate in the sharing economy. Growing consumer interest in car- and ride-sharing, as opposed to outright ownership, and ride-sharer Uber’s recently stated intention to make its brand competitive with ownership on cost, are making the major US automotive manufacturers think seriously about their future sales prospects. Some have already begun exploring ways of entering the field
    Read More
  • Reflecting on five years of important ITS progress
    January 7, 2013
    Former head of the ITS Joint Program Office Shelley Row has passed the baton to a new director. Now working as an independent consultant, here she reflects on her five years at the helm of the JPO and what the future may hold for ITS in the US. During a mid-morning in Paris earlier this year, having just landed, I decided to take a trip on the city’s subway (Paris’ underground metro) into the city centre. A family with a small boy – about nine years old – boarded the same train. They were American and we st
    Read More

Highlighted Content