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

  • Future of tolling: the priorities
    January 14, 2020
    In the final part of his investigation into the future of tolling technology, Josef Czako of Moving Forward Consulting asks what industry figures see as the priorities going forward…
    Read More
  • Kapsch strengthens ITS portfolio
    January 17, 2014
    The acquisition of US advanced traffic management software and systems integration company Transdyn, well-known for its Dynac advanced traffic management software, enables Kapsch TrafficCom to offer an extended end-to-end product and solution portfolio for intelligent transportation systems (ITS) to its current and future customers around the globe. The purchase price is US$16 million. Kapsch TrafficCom says it is now positioned to offer one a broad portfolio of intelligent transportation solutions to co
    Read More
  • What actually happens if we do #FreetheMIBs?
    May 1, 2020
    Q-Free’s #FREEtheMIBs campaign highlights the use of manufacturer-specific data output, storage and communication protocols in traffic lights and ITS systems.
    Read More
  • Q-Free receives tag order from The Expressway Authority of Thailand
    March 8, 2018
    Q-Free will supply tags to The Expressway Authority of Thailand in a contract valued approximately ฿68m (£1.5m). Håkon Volldal, CEO of Q-Free, said: “This order confirms the high technical performance of Q-Free’s tags and our ability to supply significant volumes on short notice.”
    Read More

Highlighted Content