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

  • ChargePoint secures additional funding led by Siemens
    July 3, 2017
    Electric vehicle (EV) charging network supplier ChargePoint has secured an additional US$43 million in funding, led by Siemens, closing the US company’s latest funding round at US$125 million. The company had earlier secured US$82 million in its Series G round of US$82 million, led by Daimler.
    Read More
  • Wi-Fi win-win for mass transit
    October 31, 2014
    David Crawford explores passenger and operator benefits of on-board Wi-Fi Urban commuters’ growing demand for continuous – and reliable - internet connectivity is spurring network operators into the rapid installation of high-grade Wi-Fi access on their surface and underground networks, as well as in their stations. Such moves are often a key part of strategies to maintain and increase ridership levels.
    Read More
  • Will interoperability prevent progress?
    January 10, 2014
    David Crawford examines the political and industrial background to the tolling technology debate. Saving the US State of California ‘millions of dollars’ in tolling infrastructure costs by encouraging new technologies is the professed aim of a legislative Bill, SB 242, which is currently moving through the State’s Senate (upper house) process. According to its sponsor, Republican State Senator Mark Wyland, permitting alternatives to the current FasTrak-branded radio-frequency identification (RFID)-based sys
    Read More
  • Scope of Q-Free’s Gothenburg congestion charging contract increased
    August 2, 2012
    Trafikverket, the Swedish Transport Administration, has increased the amount of work for Q-Free on the Gothenburg congestion charging project. In March, the company learned that it had been awarded a contract, valued at nearly US$24 million, for the delivery of road side equipment, infrastructure and service and maintenance for two years with an option for additional six years. At the time, it was pointed out that the final contract value would be dependent on selected options and also the duration of the s
    Read More

Highlighted Content