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

  • Transcore challenges perceptions, targets broader markets
    December 13, 2012
    In August this year, Tracy Marks took over the presidency of TransCore, succeeding John Simler, who has moved on to other roles within parent company Roper Industries. A 19-year veteran of the company, Marks describes himself as having been groomed for the job. Previously responsible for TransCore’s Southern region in the US, he also took on a series of roles, including the top job at United Toll Systems, as part of moves which were carefully choreographed to prepare him for where he is now. The appointmen
    Read More
  • $1.5m North Carolina traffic signal controllers deal for Q-Free
    December 12, 2023
    Firm says 600 2070LX ATC units, built in the US, will be delivered within 60 days
    Read More
  • Volocopter sizes up South Korea airspace 
    November 30, 2021
    Partnership is expected to expand across UAM industry worldwide 
    Read More
  • Tollers make way as NextNav muscles into 902-928MHz spectrum
    July 30, 2013
    Toll operators and Progeny trade claim and counter claim about the potential ramifications of operating in the 902-928MHz spectrum, as Jon Masters finds out. Two months after the Federal Communications Commission (FCC) determined that Progeny can start commercial operation of its NextNav location finding service, the dust has begun to settle. The tolling industry has had a chance to reflect on how this may impact its operations, in the knowledge that NextNav will share the 902-928MHz frequency band with RFI
    Read More

Highlighted Content