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

  • Visteon to sell its automotive lighting business to Varroc Group of India
    March 22, 2012
    Visteon Corporation has announced that it has agreed to sell its automotive lighting business to Varroc Group, a global provider of automotive parts headquartered in India, for US$92 million in cash. The transaction, which is subject to regulatory reviews and other conditions, is expected to be completed in the third quarter of 2012. The business to be sold encompasses a wide range of exterior lighting products supplied to global vehicle manufacturers, including front and rear lighting systems, auxiliary la
    Read More
  • Q-Free wins $6.9m West Virginia traffic deal
    March 29, 2021
    State-wide advanced traffic management solution continues relationship begun in 2008
    Read More
  • Falck continues as Q-Free CEO
    December 23, 2014
    Thomas Falck, who has been acting as Q-Free’s CEO on a contract basis since January 2014, has been appointed CEO from 1 January 2015. Falck says he has had a hectic first year at Q-Free, and is positive about taking on the role permanently.
    Read More
  • Q-Free tolling system for Sydney Harbour Bridge
    September 26, 2012
    Norwegian headquartered Q-Free, supplier of road user charging solutions and advanced transportation management systems, has been awarded a contract by Roads and Maritime Services (RMS) in Australia for the design, supply and installation of an electronic tolling system for the iconic Sydney Harbour Bridge. The contract, worth US$5.7 million with additional options worth approximately US$2.9 million, comprises the supply and delivery of a roadside system, based on the company’s unique single gantry tolling
    Read More

Highlighted Content