WiLAN to acquire International Road Dynamics

Canadian patent licensing company WiLAN is to acquire intelligent transportation systems (ITS) supplier International Road Dynamics for an equity value of approximately US $47.4 million (CA$63.5 million). The acquisition is part of WiLAN’s growth strategy which will see it operate under the Quarterhill name from around the beginning of June 2017.
April 20, 2017 Read time: 2 mins

Canadian patent licensing company 8619 WiLAN is to acquire intelligent transportation systems (ITS) supplier 69 International Road Dynamics for an equity value of approximately US $47.4 million (CA$63.5 million). The acquisition is part of WiLAN’s growth strategy which will see it operate under the Quarterhill name from around the beginning of June 2017.

As IRD is an Industrial Internet of Things (IIoT) company specialising in ITS and producing a portfolio of integrated hardware and software solutions to better detect, measure and analyse a variety of transportation challenges, the acquisition fits in with Quarterhill’s growth strategy. Quarterhill will focus on acquiring technology companies in the IIoT segment across multiple verticals. The acquired businesses will operate independently as subsidiaries of Quarterhill. WiLAN will continue as a key subsidiary of Quarterhill focusing on patent licensing.

According to Shaun McEwan, interim CEO of WiLAN, IRD fits its acquisition profile and has built an attractive portfolio of IP protected technology and an enviable track record of financial performance that includes a growing base of recurring revenue and solid cash flow generation.

Terry Bergan, president and CEO of IRD, said, “The Quarterhill platform, once in place, will give us the opportunity to focus 100 per cent of our energy on strengthening and accelerating the growth of our business. We have a history of innovation and look forward to having the expertise of the WiLAN team under the same corporate umbrella.”

Detection, Monitoring & Machine Vision Classification & Data Collection Charging, Tolling & RUC

For more information on companies in this article

Related Content

  • Transport management systems market ‘offers opportunities for emerging players’
    May 23, 2017
    Dominance in the global transportation management systems (TMS) market lies with a few companies, despite which the market exhibits considerable opportunities for emerging players, according to a new report by Transparency Market Research (TMR). Currently, companies such as SAP SE, Oracle Corporation, Descartes Systems Group, JDA Software Group, and Manhattan Association hold dominance in the global transportation management system market, says the study. The report also identifies companies such as BluJa
    Read More
  • Cubic voices opposition to proposed cuts in pre-tax benefits for mass transit
    August 8, 2013
    Cubic Transportation Systems has voiced its opposition to the proposed cuts in pre-tax benefits for the Transit Benefit Program available to citizens who use public transportation. Within the Senate Finance Committee, Senators are considering reducing the pre-tax benefit to individuals using public transportation from its current US$245 per month to US$125 per month, close to a 50 per cent cut. Cubic believes it is in the Committee’s best interest to maintain the current transit benefit since promoting pub
    Read More
  • Q&A: Samuel Johnson, IBTTA
    February 18, 2020
    Samuel Johnson, chief operations officer for the Transportation Corridor Agencies in Orange County, California - and 2020 IBTTA president - talks about his background and career...
    Read More
  • IIoT made easy by Moxa’s Ethernet extender switch
    June 14, 2016
    To address growing networking extension requirements driven by the emerging Industrial Internet of Things (IIoT), Moxa has launched the industrial Ethernet extender switch IEX-408E-2VDSL2 here at ITS America 2016. The IEX-408E-2VDSL2 supports two VDSL2 ports and six Ethernet ports for long distance data transmission over twisted-pair copper wiring. The switch enables users to leverage existing cables to upgrade and extend their networks quickly, as well as reduce costs – making it ideally suited to ITS a
    Read More

Highlighted Content