TagMaster buys ISS radar business for $4.8m

Deal - done through Sensys Networks - is expected to strengthen TagMaster in US
By Adam Hill September 6, 2023 Read time: 1 min
TagMaster and ISS: 'Excellent opportunities for growth in both the American and European markets' (© Rawpixelimages | Dreamstime.com)

TagMaster has acquired the US-based radar division of Image Sensing Systems (ISS) for $4.8m.

ISS provides radar-based vehicle detection and traffic data solutions and the deal, done through TagMaster's US subsidiary Sensys Networks, includes the RTMS Echo and RTMS Echo+Camera portfolio.

Jonas Svensson, CEO of TagMaster, says the acquisition - which is expected to complete by the end of this month - will strengthen its hand in the US.

TagMaster is known for providing in-ground sensing solutions, so the addition of ISS's radar-based, above-ground sensors means it "will be better positioned to address the growing demand for multi-sensor solutions", the company says in a statement on the transaction.

"The acquisition also adds solid competence in sales in important states around the US and we gain access to new partners who currently sell ISS radar products and enable us to offer our existing distributors a wider product range," Svensson adds.

"That, in combination with the expertise that already exists at Sensys Networks and TagMaster, provides us with excellent opportunities for growth in both the American and European markets."

Detection, Monitoring & Machine Vision Urban Traffic Control

For more information on companies in this article

Related Content

  • Machine vision - cameras for intelligent traffic management
    January 25, 2012
    For some, machine vision is the coming technology. For others, it’s already here. Although it remains a relative newcomer to the ITS sector, its effects look set to be profound and far-reaching. Encapsulating in just a few short words the distinguishing features of complex technologies and their operating concepts can sometimes be difficult. Often, it is the most subtle of nuances which are both the most important and yet also the most easily lost. Happily, in the case of machine vision this isn’t the case:
    Read More
  • Swarco acquires Dynniq Mobility
    September 30, 2021
    Swarco's Michael Schuch hails 'complementary footprint in terms of product portfolio'
    Read More
  • Q-Free acquires Open Roads Consulting
    July 17, 2014
    Q-Free has signed a Share Purchase Agreement (SPA) for the acquisition of Open Roads Consulting for a cash consideration of approximately US$6.2 million. Further consideration is dependent on future financial performance. The transaction is expected to be closed within the end of the third quarter 2014. The acquisition represents a milestone for Q-Free and is a strategically good match with other advanced traffic management systems (ATMS) and road user charging (RUC) activities within the group. It will
    Read More
  • WiLAN to acquire International Road Dynamics
    April 20, 2017
    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.
    Read More

Highlighted Content