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

  • Kapsch TrafficCom to acquire Mark IV IVHS
    March 1, 2012
    Kapsch TrafficCom AG has agreed to acquire, through subsidiaries, the businesses of Mark IV IVHS, part of Mark IV, LLC (US), in the United States, in Canada and in Mexico
    Read More
  • Q-Free wins NOK30 million tolling contract in Chile
    October 5, 2018
    Tolling specialist Q-Free has been selected by road infrastructure operator Sociedad Concesionaria Vespucio Norte Express to service and maintain roadside equipment in Chile. The seven-year year contract is approximately valued NOK30 million (£2.7 million). Håkon Volldal, president and CEO of Q-Free, says: “We are pleased to continue our services to Vespucio Norte and strengthen our presence in the growing Chilean tolling market.”
    Read More
  • Q-Free to provide image review system for Florida toll upgrade
    January 20, 2016
    Q-Free Open Roads has been awarded a US$5 million tolling contract by TransCore in the US to provide its Intrada Image Review system including a new back office solution for TransCore’s upgrade of Central Florida Expressway Authority’s electronic toll collection system. The contract includes s 7.5-year service agreement. “We are pleased to be a subcontractor to TransCore, one of the largest companies in the world providing rolling and ITS solutions. The award is significant for Q-Free in the US tolling m
    Read More
  • JV paves way for US interoperability hub
    November 13, 2013
    A joint venture between Egis Projects and Sanef is paving the way for a new Automatic Number Plate Recognition (ANPR) and transponder-based ‘hub’ for nationwide tolling interoperability in the US. The joint venture, called Secure Interagency Flow LLC, has an agreement with the Alliance for Toll Interoperability (ATI) and operations are due to start by the end of this year. The final contract signings took place at the recent IBTTA conference in Vancouver and within the joint venture Egis will focus on opera
    Read More

Highlighted Content