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

  • Transport planning consultation is culturally important
    February 2, 2012
    Andrew Bardin Williams explores the efforts under way in North Dakota to consult with native tribes during the early stages of transportation project development. These efforts have led to the signing of a Programmatic Agreement between the state DOT and local tribes and the creation of a tribal consultation committee that allows Native Americans to advise on the identification, evaluation and treatment of historic properties, including those of religious and cultural significance
    Read More
  • Modaxo to buy Conduent parking enforcement business
    January 2, 2024
    Conduent set to concentrate on its road user charging and transit portfolio
    Read More
  • Developments in travel information display systems
    August 1, 2012
    David Crawford looks at recent developments in travel information display systems. It is important to remember that we are investing in Real-Time Passenger Information [RTPI] to increase ridership," says Robert Burke, Managing Director of New Zealand transit tracking technology specialist Connexionz, which has been involved in at-stop and remote passenger information since 1995. "Superior information improves the perception of public transport reliability and gives the passenger more choices and greater con
    Read More
  • Sydney’s RMS opts for Schneider Electric back office toll technology
    February 22, 2013
    Schneider Electric is to use its expertise and experience in developing and implementing free-flow toll system management solutions and electronic toll payment solutions in the design, supply and installation of the tolling system back office for Australia’s New South Wales Government's Roads and Maritime Services (RMS). RMS is a delivery arm of Transport for NSW and is responsible for building and maintaining roads, conducting driving tests, issuing licences and registrations and overseeing harbours and wa
    Read More

Highlighted Content