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

For more information on companies in this article

Related Content

  • Lacroix Group completes strategic expansion
    July 1, 2015
    French technology group Lacroix has recently made two strategic acquisitions, enabling it to expand its international presence, to develop in the smart cities sector and to capitalise on new growth areas. The acquisition of Spanish company DSTA enabled Lacroix to expand its offering in variable message signs, traffic signals and public transport information panels, making it more competitive while providing its customers with proven end-to-end technological solutions. By acquiring SOGEXI, the French s
    Read More
  • ANPR - cost-efficient traffic management, enforcement and more
    January 23, 2012
    Geoff Collins of Vysionics Intelligent Traffic Solutions talks about the near-term prospects of ANPR. The continued absence of a champion for its cause is preventing digital enforcement technology from delivering the true levels of cost-effectiveness of which it is capable, according to Geoff Collins, sales and marketing director of ANPR specialist Vysionics Intelligent Traffic Solutions.
    Read More
  • Cubic completes acquisition of Serco transport solutions
    November 27, 2013
    Serco’s transport solutions business will become a part of Cubic Transportation Systems following Cubic Corporation’s acquisition of the business for an enterprise value of US$70 million. Serco’s primarily a UK-based transport technology and services business and had revenues in the last calendar year of approximately $67 million.
    Read More
  • Three for Q-Free in the US
    May 1, 2025
    Kinetic Mobility will be used in Denver, Washington DC and Dallas-Fort Worth
    Read More

Highlighted Content