Skip to main content

Clever Devices acquires Digital Recorders

Clever Devices has closed a transaction to acquire substantially all of the assets of Digital Recorders, a provider of ITS to public transit agencies throughout North America and a wholly-owned subsidiary of Digital Recorders, (DRI), which filed for bankruptcy in March, 2012. Digital Recorders will become a division of Clever Devices, a technology solutions specialist for all modes of public transportation, including fixed-route, bus rapid transit, paratransit and rail.
August 13, 2012 Read time: 1 min
1015 Clever Devices has closed a transaction to acquire substantially all of the assets of Digital Recorders, a provider of ITS to public transit agencies throughout North America and a wholly-owned subsidiary of Digital Recorders, (DRI), which filed for bankruptcy in March, 2012.

Digital Recorders will become a division of Clever Devices, a technology solutions specialist for all modes of public transportation, including fixed-route, bus rapid transit, paratransit and rail.

Related Content

  • August 2, 2018
    WSP to acquire Louis Berger in $400m deal
    WSP is set to acquire US international professional services firm Louis Berger in a deal valued $400m. The transaction will add 5,000 employees to WSP and increase its reach in the US, Europe, the Middle East and Latin America. Through the agreement, WSP intends to continue Louis Berger’s restructuring of its international operations and expects to incur $50m in one-time integration and restructuring costs in the coming years. Alexandre L’Heureux, president and chief executive officer of WSP, says the
  • November 8, 2021
    Verra acquires T2 for $347m
    T2 Link provides a central source for managing parking operations
  • May 19, 2025
    More Chile scheduling for Optibus
    Metropol Group works within Santiago's Metropolitana de Movilidad
  • June 17, 2016
    Sampo Hietanen’s mobility mission
    For a decade Sampo Hietanen harboured a vision of an alternative form of mobility, now as CEO of MaaS Finland he is putting theory into practice. Sampo Hietanen has become the embodiment of Mobility as a Service (MaaS) – a concept he created 10 years ago while working for Finnish civil engineering giant Destia. “I had been working with the mobile sector on traffic information and started thinking what will happen when this becomes bigger,” he says.