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

  • Active traffic management increases safety and capacity
    February 2, 2012
    WSDOT is deploying Active Traffic Management in order to increase safety and capacity on its strategic roads. WSDOT's Patricia Michaud elaborates
    Read More
  • Trafficware: Digitised transport tech ‘is the new asphalt’
    April 16, 2019

    Trafficware provides the tech to manage intersections all over the world. Colin Sowman asks CEO Jon Newhard about the ‘questions behind the questions’

    Last year, Trafficware CEO Jon Newhard negotiated the company’s acquisition by Cubic Corporation and now serves as general manager of Trafficware within Cubic’s Transportation Systems business unit.

    Read More
  • Partnership delivers video surveillance solution
    November 28, 2012
    In a partnership designed to address and overcome the challenges of the amounts of data generated by digital video surveillance systems, video surveillance and security products supplier Samsung Techwin is to collaborate with computer and IP storage provider Pivot3 to offer a unified IP video surveillance solution to new and existing clients. By combining Pivot3 vSTAC Watch appliances with Samsung video management software and security cameras, surveillance users can leverage one appliance for the viewing,
    Read More
  • Tolling systems - interoperability is key
    January 25, 2012
    Is US tolling as fragmented and divided as some would have you believe? And are the technology suppliers so very entrenched? ITS International spoke to the market's leading suppliers. A few years back, the prevalent view was that the North American tolling market was characterised by fragmented, proprietary solutions, each existing in splendid isolation. The reality is that a combination of pragmatism and good old market forces have seen some concerted moves made towards interoperability in many areas.
    Read More

Highlighted Content