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

  • Indra chooses Q-Free for North Carolina express lane project
    June 6, 2024
    NCDoT and NCTA are behind I-485 Express Lane Roadside Toll Collection System
    Read More
  • Focus on trust as key to growth in mobile payments at CARTES 2013
    October 31, 2013
    The Mobile Payment and Smart Shopping areas at November’s CARTES Secure Connexions Event will focus on innovations and advanced technologies in mobile payments – while a conference entitled “Your future is mobile: Trust it!” will be chaired by Sirpa Nordlund, Executive Director of Mobey Forum, and will highlight the latest developments. Things are moving fast: the speed and scale of the mobile revolution has exceeded most expectations and the numbers speak for themselves: almost half the world’s population
    Read More
  • Authorities look to MaaS for new solutions and cost savings
    July 18, 2017
    The structure of society and the way in which our cities work will be completely transformed by Mobility as a Service (MaaS), Finland’s minister of transport and communications Anne Berner, told ITS International’s recent MaaS Market conference 2017 in London. In her keynote address, Berner told a packed audience of more than 200 ITS professionals that MaaS has the potential to help governments around the world meet their big city targets such as the rate of employment, the environment, the efficient use of
    Read More
  • Oslo replaces all Autopass roadside tolling systems
    February 16, 2015
    In a contract valued at US$6.6 million, Q-Free is to replace all Autopass roadside tolling equipment in Oslo, Norway. The contract, awarded by the Norwegian Roads Administration includes the dismantling and replacement of existing roadside equipment and service and maintenance following completion of the installation. In addition the contract includes options for increased delivery of equipment and extension of the service and maintenance period. Installation begins immediately and is expected to be comple
    Read More

Highlighted Content