Sensor Line joins IRD in €3.8m deal

German ITS firm will be integrated into Quarterhill subsidiary's existing set-up
By Adam Hill January 5, 2021 Read time: 1 min
Sensor Line's in-road sensors will broaden IRD's product suite (© Raisin7036 | Dreamstime.com)

Quarterhill, parent company of International Road Dynamics (IRD), has bought German ITS firm Sensor Line for €3.8m (Can$6m). 

Sensor Line, which was launched in 1996, makes fibre optic traffic sensors for road and rail.

It will be "integrated" into IRD's operation but the Canadian company says it will maintain manufacturing operations at Sensor Line's facility near Munich.

In a statement, Rish Malhotra, IRD CEO, said: “This acquisition broadens our product suite and expands our geographic footprint further into the European market."

Sensor Line has installed more than 50,000 systems in 50 countries worldwide, the company says.

The firm's in-road sensors "will further strengthen our enforcement and tolling services, and our distribution capabilities will open up new opportunities to grow their business", Malhotra continued.

Paul Hill, CEO of Quarterhill, said that Sensor Line was expected to contribute up to Can$5m this year in revenue and indicated that there would be more acquisitions.

"We believe we are just getting started in terms of expanding our ITS business to capitalise on the attractive and growing demand for tech-enabled infrastructure," he concluded.

Charging, Tolling & RUC

For more information on companies in this article

Related Content

  • Peer-to-Peer carsharing in Europe projected to grow significantly
    August 24, 2012
    According to Frost & Sullivan, by 2020 more than 200 traditional carsharing organisations (CSOs) and another 24 Peer-to-Peer (P2P) CSOs are expected to take the European market for carsharing to new heights. More than 14 million new members are expected to use carsharing services in Europe by the same year, while three new sub-segments will emerge in the market: electric vehicle carsharing, corporate carsharing and one-way carsharing. While the new segments arise in particular due to continued urbanisation
    Read More
  • IRD announces continued growth in second quarter 2015
    July 16, 2015
    International Road Dynamics has announced solid growth in the three and six months ended 31 May 2015, with increased revenue on strong growth in key geographic markets and product segments For the three and six months ended 31 May, consolidated revenue increased 12.2 per cent and 8.1 per cent respectively, compared to the same period s in 2014, due primarily to continued growth in the Company's Canada, United States, Latin America and Mexico markets, as well as an increase in the value of the US dollar.
    Read More
  • Suprema launches FaceStation F2 mask detector
    September 11, 2020
    South Korean firm says biometric solution has false acceptance rate of one in 10 billion
    Read More
  • Machine vision develops closer traffic ties
    January 11, 2013
    Specifiers and buyers of camera technology in the transportation sector know what they need and are seeking innovative solutions. Over the following pages, Jason Barnes examines the latest developments with experts on machine vision technology. Transplanting the very high-performance camera technology used in machine vision from tightly controlled production management environments into those where highly variable conditions are common requires some careful thinking and not a little additional effort. Mach
    Read More

Highlighted Content