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 wins in Australia
    August 11, 2014
    Q-Free has been awarded a frame agreement for ITS OBU610 tags from Interlink Roads in Australia. The three-year contract is valued at a minimum of US$2.5 million but has the potential to be increased. The fourth generation OBU610 combines more than 20 years’ of proven technology and experience to provide future-proof investment. The tag is easily attached to and removed from the vehicle windscreen and is designed to support all applicable 5.8GHz CEN DSRC protocols in the world of for automatic registrat
    Read More
  • Q-Free to supply toll tags to Thailand
    February 13, 2014
    The Expressway Authorities of Thailand (EXAT), which constructs, maintains, and manages the country's expressways and public transportation infrastructure, has placed a US$5.6 million order with Q-Free for delivery of tags. The order will be delivered between now and the end of the second quarter 2014. “This significant order is further positioning Q-Free as a major supplier of products to the fast growing tolling market in Thailand. New road infrastructure creates demands for further tolling systems and
    Read More
  • Q-Free wins Australian toll tag order
    February 2, 2012
    Norwegian tolling systems supplier Q-Free has been awarded a US$2.5 million order for toll tags from the Australian Roads and Traffic Authority (RTA).
    Read More
  • Smart cities - better world, says A-to-Be
    May 19, 2020
    Smart city adoption in the US has been sluggish, thinks Jason Wall of A-to-Be USA. But there is still time to learn lessons from the European experience...
    Read More

Highlighted Content