Q-Free to sell security division

Q-Free has entered into an agreement to sell all assets related to its US-based security business Prometheus Security Group. Q-Free expects the transaction to be closed during February 2017, when all contracts, employees and other assets will be transferred to the new owner. According to Q-Free’s CEO, Håkon Volldal, the company plans to move forward and develop the markets in its tolling, parking, infomobility, urban and inter-urban offerings.
February 3, 2017 Read time: 1 min
108 Q-Free has entered into an agreement to sell all assets related to its US-based security business Prometheus Security Group. Q-Free expects the transaction to be closed during February 2017, when all contracts, employees and other assets will be transferred to the new owner.

According to Q-Free’s CEO, Håkon Volldal, the company plans to move forward and develop the markets in its tolling, parking, infomobility, urban and inter-urban offerings.
Parking & Access Control Charging, Tolling & RUC

For more information on companies in this article

Related Content

  • Q-Free: 40 years of tolling revolution and still going strong!
    March 20, 2024
    This year, Q-Free celebrates its 40th anniversary in the ITS industry, but the company is not sitting on its laurels: it is eagerly anticipating further progress with its longstanding collaborators, while welcoming new partners.
    Read More
  • Norway’s PRA extends Q-Free tolling contract
    October 28, 2014
    The Norwegian Public Roads Administration has awarded an order worth around US$4.8 million to Q-Free has for a six-month extension of the contract for operation of the country’s central toll collection system. The current contract expires in June 2015. Q-free CEO Thomas Falck comments: “We are happy to receive this extension order for the operation of the central system with the Norwegian Public Road Administration (NPRA). Q-Free continues to serve the NPRA and we are taking several steps to strengthen o
    Read More
  • Q-Free highlights new tech and 40th anniversary
    August 23, 2024
    Q-Free celebrates its 40th anniversary at the ITS World Congress, marking four decades of innovation, growth and leadership in intelligent transportation. From a small company in Norway to a global powerhouse with offi ces in 13 countries, Q-Free is renewing its commitment to the industry, its customers, and the driving public in Dubai.
    Read More
  • AV/ridesharing mix wins major auto investment
    May 5, 2016
    The US has a new trend in personal mobility and David Crawford takes a closer look. US automaker General Motors and ridesharer Lyft’s announcement of a strategic partnership aimed at delivering, over time, an integrated network of on-demand autonomous as well as conventional vehicles has taken the nation’s car industry from traditional manufacturing to new arenas.
    Read More

Highlighted Content