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

  • Advanced in-vehicle user interface - future developments
    February 1, 2012
    Dave McNamara and Craig Simonds, Autotechinsider LLC, look at human-machine interface development out to 2015. The US auto industry is going through the worst crisis it has faced since the Great Depression. But it has embraced technologies that will produce the best-possible driving experience for the public. Ford was the first OEM to announce in-car internet radio and SYNC, its signature-branded User Interface (UI), is held up as the shining example of change embracement.
    Read More
  • Interoperable electronic payment systems begin testing
    January 31, 2012
    OmniAir's Tim McGuckin writes about progress with the Electronic Payment Services National Interoperability Specification, which aims to provide the US with payment capabilities at lane level using any ETC component protocol. The OmniAir Consortium was founded to advance US national deployment of open, effective and interoperable transportation technology systems. Through its member-defined programmes, companies and individuals join to work for open standards, interoperability, third-party certification and
    Read More
  • Driving dynamics ‘vastly influence car purchase decisions in Europe’
    April 24, 2015
    Driving dynamics play a huge role in the purchasing decisions of vehicle owners in Europe. While safety and reliability are top priorities, driving dynamics-related capabilities such as manoeuvrability and ride quality rank high in importance among consumers looking to buy a car. New analysis from Frost & Sullivan, European Consumers’ Attitude towards Driving Dynamics Technologies, finds that urban male customers are willing to pay a higher than average price to upgrade driving dynamics technologies. Wo
    Read More
  • EU sets emissions targets to 2030, richer countries bear the burden
    July 22, 2016
    The UK’s Freight Transport Association (FTA) and FIA Europe have welcomed the European Commission’s package of measures, presented this week, to accelerate the transition to low carbon emissions in all sectors of the economy in Europe. The EU says the measures set clear and fair guiding principles to Member States to prepare for the future and keep Europe competitive. Responding to the announcement, the FTA said that the proposed measures are a step in the right direction to reducing freight carbon e
    Read More

Highlighted Content