Image Sensing Systems to sell ANPR/LPR business to TagMaster

Image Sensing Systems (ISS) has announced the sale of its automatic number plate recognition (ANPR/LPR) business to TagMaster for the purchase price of US$4.2 million in cash. ISS has decided to shift its strategic direction and focus to the intelligent transportation systems (ITS) market by investing in its Autoscope video detection and RTMS radar detection products and solutions. As of 9 July 2015, the ANPR/LPR business, including all products and solutions, will transition to TagMaster. TagMaster was fou
July 10, 2015 Read time: 2 mins
6626 Image Sensing Systems (ISS) has announced the sale of its automatic number plate recognition (ANPR/LPR) business to 177 TagMaster for the purchase price of US$4.2 million in cash.

ISS has decided to shift its strategic direction and focus to the intelligent transportation systems (ITS) market by investing in its 6575 Autoscope video detection and RTMS radar detection products and solutions.

As of 9 July 2015, the ANPR/LPR business, including all products and solutions, will transition to TagMaster. TagMaster was founded in Stockholm, Sweden, in 1994 and is an application driven technology company that designs and markets advanced radio frequency identification (RFID) products and systems for demanding environments within the business areas of Traffic Solutions and Rail Solutions.
 
“We believe the ITS market is our core competency and is the foundation on which our company was founded,” said Dale Parker, interim chief executive officer. “The decision to sell our ANPR/LPR business allows us to focus on growing our radar and video product lines. The ITS market continues to grow, and agencies are moving away from in-ground technologies for which we believe our products are a perfect alternative. We remain committed to being market and customer-led and continue to leverage our strengths on engineering our next generation of innovative products and solutions.”

ISS will work closely with TagMaster to make sure the transition is as seamless as possible for TagMaster’s customers, partners and distributors.  The transition will begin effective immediately and will continue over the next several months.

Detection, Monitoring & Machine Vision Classification & Data Collection

For more information on companies in this article

Related Content

  • Data exploits parking potential
    March 11, 2015
    David Crawford parallel parks with innovations in two continents. Surveys of US cities indicate that drivers searching for parking can account for up to 37% of all urban traffic congestion. A 2011 study by IBM of 20 cities around the world found that nearly six out of ten drivers had abandoned their search for a parking space at least once; while motorists generally spent on average 20 minutes looking for a sought-after spot.
    Read More
  • MobilityXX: ‘Women pay more for safe transport’
    October 8, 2021
    Laura Chace, new boss of ITS America, is fully behind the MobilityXX initiative, which promotes the role of women in transportation. She tells Adam Hill why the ’10 by 10’ target is so important…
    Read More
  • Cubic and Calgary Parking Authority collaborate on parking
    November 25, 2014
    Cubic Transportation Systems and the Calgary Parking Authority (CPA) of Calgary, Canada have signed a letter of intent for global collaboration to deliver transit and municipal parking solutions leveraging CPA-developed technology. The agreement is among the first of its kind in the parking industry between the public and private sectors. The CPA has developed an innovative, customer-focused parking solution called the ParkPlus system for on and off-street applications by fusing together smart technolog
    Read More
  • McCain appoints new chief operating officer
    June 14, 2017
    US transportation solutions provider McCain has named Greg McKhann as chief operating officer effective immediately. McKhann will also assume the regional responsibility for all Swarco ITS companies in the Americas. McKhann has held several senior management positions in the ITS market, most recently at Image Sensing Systems where he was general manager - traffic management. He previously held an executive management role at Iteris, after starting his career in engineering at Rockwell International. In his
    Read More

Highlighted Content