Q-Free acquires parking management solutions company

Q-free has agreed to acquire Malta-based parking management solutions provider Traffiko for US$1.12 million; the deal also includes an earn-out condition that can generate up to US$1.12 million more. Q-Free and Traffiko have long partnered in parking management systems projects, most recently in the APCOA contract to supply systems for parking garages at the Stockholm globe arena. Traffiko offers a wide range of advanced traffic applications including secure cloud hosted web-based applications for car
May 5, 2015 Read time: 2 mins
SOURCE: Fredrik Posse/Stryngford Photo
108 Q-free has agreed to acquire Malta-based parking management solutions provider 3984 Traffiko for US$1.12 million; the deal also includes an earn-out condition that can generate up to US$1.12 million more.

Q-Free and Traffiko have long partnered in parking management systems projects, most recently in the APCOA contract to supply systems for parking garages at the Stockholm globe arena.

Traffiko offers a wide range of advanced traffic applications including secure cloud hosted web-based applications for car park management, journey time analysis, on- and off-street traffic related enforcement, access control, tracking, video analytics, traffic scene analysis, and revenue management, based on an integrated platform.                               

“We are happy to include Traffiko in our portfolio. Through this transaction in parking management solutions, we are now able to deliver a complete range of solutions within this fast growing segment,” says Q-Free CEO Thomas Falck.

“We are very enthusiastic about the opportunity to become part of a large international operation with a global network. The additional market exposure and availability of resources will contribute to further expansion of our business together with the rest of the Q-Free family,” says Angelo Dalli, CEO of Traffiko.

Parking & Access Control Charging, Tolling & RUC

For more information on companies in this article

Related Content

  • Eastern Europe opts for Q-Free traffic management
    July 21, 2014
    Q-Free subsidiary Elcom is to supply the city of Belgrade, Serbia, with advanced transportation management systems (ATMS), including traffic signal controllers and traffic management systems. The contract, valued at around US$1 million will begin in July 2014 and will be delivered within one year. Q-Free has also been awarded contracts valued at more than US$300,000 for traffic signal systems to be supplied to in Serbia and Macedonia during 2014. “Q-Free has made several acquisitions within the ATMS
    Read More
  • Lecip Holdings Corporation acquires Arcontia International
    August 23, 2013
    Arcontia International, Swedish producer of contactless smart card products and solutions for automatic fare collection (AFC) has been acquired by Lecip Holdings Corporation, a Japan-based manufacturer of products and solutions for the bus, train and automotive industry. The acquisition will enable Lecip to expand its range of public transport products and solutions and further strengthen its strategy to become a leading supplier in integrated AFC systems and Intelligent Transportation Systems (ITS).
    Read More
  • Q-Free win ATMS deal in US
    July 15, 2014
    In a contract worth US$1.4 million Q-Free TCS is to supply the City of Montgomery in the US with an advanced transportation management system (ATMS). The contract is for a parking guidance system which will begin in July and delivered by the end of 2014. Q-Free TCS has previously delivered two parking guidance systems to the same customer. “Q-Free is the market leader within parking guidance solutions in North America. This contract confirms the attractiveness of our offering in this market,” says Q-F
    Read More
  • Connected citizens boosts Boston’s traffic management
    March 30, 2017
    Data-derived traffic management is starting to show benefits as David Crawford discovers. The city of Boston has been facing growing congestion problems in its Seaport regeneration district, with the rate of commercial and residential growth threatening to overtake the capacity of the road network to respond.
    Read More

Highlighted Content