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

  • Swarco completes Lacroix traffic tech division acquisition
    January 21, 2025
    Austrian company gains bigger footprint in France and Spain through buy
    Read More
  • Kapsch adds ATMS expertise with Transdyn acquisition
    March 25, 2014
    Kapsch has added extensive advanced traffic management system (ATMS) expertise to its portfolio by acquiring US company Transdyn. The move matches with the aim of becoming a major global presence in the inter-urban traffic management sector, says Peter Ummenhofer, Kapsch’s head of ITS Business Unit: “Recognising that there were already very mature and capable ATMS solutions out there, we decided to look at what was already available.
    Read More
  • Canada’s infrastructure sector set to be one of the best performing
    November 20, 2013
    In their latest findings on Canada’s infrastructure sector, Business Monitor has revised down their outlook for the overall construction industry in Canada for 2013 to 2.2 per cent. This is being driven by a sharper than expected contraction in industry value creation from the residential and non-residential building segment. Despite this, they anticipate a slight pick-up in the second half of the year will ensure that subsector maintains positive growth. On the other hand, infrastructure will post another
    Read More
  • China plans more ITS deployment despite economic slowdown
    March 30, 2017
    The Chinese government is turning to ITS to help solve urban traffic congestion in the majority of its large cities. Eugene Gerden reports. China is investing an estimated 3.5bn yuan ($551 million) per year in ITS and while the country’s current economic strategy may see this decline, the government plans to continue active development of the national intelligent transport system.
    Read More

Highlighted Content