TransCore buyer focuses on smart mobility

New owner ST Engineering wants to be 'sustainable smart mobility market leader'
By Adam Hill October 8, 2021 Read time: 1 min
ST Engineering has interests in aerospace and defence as well as Smart Cities (© Korn Vitthayanukarun | Dreamstime.com)

ST Engineering's acquisition of tolling and traffic management specialist TransCore will make the new owner a "sustainable smart mobility market leader", it says.

The $2.68 billion deal is expected to close in the first quarter of 2022, with TransCore slated to generate $545 million of revenue this year.

Headquartered in Singapore, ST Engineering has revenues of around $5.4 billion and has interests in Smart Cities, aerospace, defence and public security.

"With the addition of TransCore, ST Engineering will be uniquely positioned as a sustainable smart mobility market leader, underpinned by our strengths in technology and innovation,” said Vincent Chong, CEO of ST Engineering.

“TransCore has established a premier business, demonstrated by its industry-leading solutions and backed by a talented workforce, in which we will continue to invest."

TransCore owner Roper Technologies will retain its DAT and Loadlink network software businesses, which it acquired together with TransCore in 2004.

Charging, Tolling & RUC

For more information on companies in this article

Related Content

  • IBTTA recognises MTA Bridges and Tunnels
    October 22, 2021
    App gives tolling customers more self-service options to manage payments
    Read More
  • Texas, Oklahoma move to interoperable tolling
    April 25, 2013
    Electronic toll systems in Texas and Oklahoma could be interoperable as soon as 2014, according to toll authorities from both states. Moves to link tolling systems in Texas and Oklahoma will enable drivers with Texas tolling accounts or Oklahoma turnpike accounts to travel on the other state’s toll roads using their current toll tags. The tolls would be automatically billed to the out-of-state driver’s account. “Oklahoma Governor Mary Fallin said it would be good to have interoperability with other states,
    Read More
  • A warm welcome to CARTES Secure Connexions Event 2013
    November 19, 2013
    Welcome to this 28th edition of CARTES Secure Connexions Event - nearly 30 years of enabling global synergies at a human and technological level CARTES is the world’s leading exhibition dedicated to secure solutions for payment, identification and mobility. Since its creation in Paris in 1985, CARTES has become the industry’s premier show – and this 2013 edition brings together more than 450 exhibitors who have come to present their products and services to 20,000 visitors from 140 countries.
    Read More
  • Aecom to deliver Michigan C/AV corridor
    November 5, 2021
    Partners will also deliver final design of several major roadways
    Read More

Highlighted Content