Q-Free strengthens market offering

Q-Free is to acquire Serbian traffic management company Elcom in a deal worth US$1.8 million. Q-Free has signed a share purchase agreement (SPA) for the acquisition which it says reflects the company’s efforts to strengthen its business area within advanced transportation management systems (ATMS) and follows a US$1 million investment in ten percent ownership of US traffic management company Intelight. Established in 1994, Elcom offers traffic controllers, LED street lights and traffic control system sol
October 25, 2013 Read time: 2 mins
108 Q-Free is to acquire Serbian traffic management company Elcom in a deal worth US$1.8 million. Q-Free has signed a share purchase agreement (SPA) for the acquisition which it says reflects the company’s efforts to strengthen its business area within advanced transportation management systems (ATMS) and follows a US$1 million investment in ten percent ownership of US traffic management company 7316 Intelight.

Established in 1994, Elcom offers traffic controllers, LED street lights and traffic control system solutions based on its own and third party products. Q-Free believes that Intelight will be an important strategic partner for Elcom.

In the long term, Q-Free expects the markets for ATMS and road user charging to converge into a joint market for intelligent transportation systems (ITS), both technologically and commercially and considers Elcom’s products and services as a natural expansion of its product offering.

Q-Free CEO Øyvind Isaksen says the Elcom and Intelight products are key to the ATMS sector, which is important to the development of Q-Free’s business.
Urban Traffic Control Charging, Tolling & RUC

Related Content

  • May 22, 2014
    Strategic organisational changes at Q-Free
    Q-Free has carried out a revision of the company strategy and will make organisational changes in order to strengthen its market position. CEO Thomas Falck, who was appointed CEO on 6 January 2014, on an initial six-month contract, will remain at the helm through 2014 in order to oversee a successful implementation of the changes. Going forward, Q-Free will operate three business areas: road user charging (RUC); advanced transportation management systems (ATMS); and the new business area managed services
    Read More
  • April 27, 2012
    Q-Free preparing for new projects
    Q-Free has announced revenues of US$21.11 million during the first quarter 2012 compared to US$29.66 million in the corresponding quarter in 2011, while order intake came in at $44.29 million, $6.45 million more than in previous quarter and $2.96 million more than in Q1-2011, reflecting, the company says, that its general optimism regarding demand is well grounded.
    Read More
  • December 7, 2015
    Q-Free reorganises, becomes full ITS supplier
    Q-Free’s management is taking the next steps decided to move the company from a road user charging supplier to a fully-integrated ITS company. Over the last few years, Q-Free has acquired eight companies in order to broaden its technology and customer base. To maximise the potential of these assets the company plans further streamlining and reduction of fixed costs and investment, including organisational changes, reduction in the management team and organisation, and optimisation of investments in sales
    Read More
  • January 6, 2014
    OBU orders and CEO changes for Q-Free
    Portuguese tag issuer Via Verde, part of the Brisa Group, has ordered on-board units from Q-Free in an order worth approximately US$1.9 million. The order will be delivered within the second quarter of 2014. Q-Free’s fourth generation OBU610 is small and unobtrusive, yet powerful enough to support all applicable 5.8GHz CEN DSRC protocols for automatic registration, identification and fee collection from vehicles. “Via Verde has been customer of Q-Free since 1995 and we have now supplied more than 3.2
    Read More

Highlighted Content