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

  • Potential game-changing MoU on tolling and ITS market cooperation for North America
    February 2, 2012
    Kapsch TrafficCom IVHS Corporaton and Federal Signal Corporation have entered into a Memorandum of Understanding after substantial discussions during the past few months regarding ways in which the two organisations might cooperate and jointly pursue mutual business interests in North America.
    Read More
  • South America turns on to Q-Free toll tag technology
    March 1, 2013
    Norwegian toll technology provider Q-Free has secured two new contracts worth a combined US$7.5m to supply toll tags to toll concessionaires in Chile and Brazil.Vespucio Norte Express in Chile has placed a US$3.4m order for the firm’s OBU610 toll tags, with delivery to start this May. Q-Free is also to supply tags to the value of US$4.1m to Centro Gestao Meios de Pagto (CGMP) in Brazil. One of the first urban concessionaires in Santiago, Vespucio Norte Express is one of the most modern road connections worl
    Read More
  • Welcome to Digital, Free Flow Tolling
    April 17, 2024
    Emovis’ work in the Netherlands demonstrates many benefits of free flow tolling as Benoît Rossi, director of business development at Emovis, an Abertis-owned entity, highlights
    Read More
  • French toll tag order for Q-Free
    June 21, 2013
    Vinci Autoroutes in France, the largest toll operator in Europe, has chosen Q-Free’s OBU 610 universal toll tag in an order valued at US$5.5 million. With more than four thousand kilometres under their concession Vinci Autoroutes controls around half of France’s national network. The OBU 610 is Q-Free’s fourth generation transponder, small yet powerful enough to support all 5.8 GHz CEN DSRC protocols.
    Read More

Highlighted Content