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

  • Camera technology a flexible and cost-effective option
    June 7, 2012
    Perceptions of machine vision being an expensive solution are being challenged by developments in both core technologies and ancillaries. Here, Jason Barnes and David Crawford look at the latest developments in the sector. A notable aspect of machine vision is the flexibility it offers in terms of how and how much data is passed around a network. With smart cameras, processing capabilities at the front end mean that only that which is valid need be communicated back to a central processor of any descripti
    Read More
  • Connected offers free I2V connectivity
    November 1, 2016
    A new system could reduce the cost of implementing I2V communications across a city to less than that for a single intersection, as Colin Sowman hears. It may seem too good to be true but US company Connected Signals is offering city authorities the equipment to provide infrastructure to vehicle (I2V) communications for free. The system enables drivers to receive information about the timing of signals they are approaching via the EnLighten smartphone app (or connected in-vehicle display).
    Read More
  • ‘Free’ power for signs, shelters and so much more
    March 17, 2016
    David Crawford looks at the sunny side of the street. Solar power has been relatively slow in entering the transport sector, but a current blossoming of activity bodes well for the large-scale harnessing of an alternative energy that is zero-emission at source and, in practical terms, infinitely renewable. Traffic management and traveller information systems, and actual vehicles, are all emerging as areas for deployment. Meanwhile roads themselves are being viewed as new-style, fossil fuel-free ‘power stati
    Read More
  • Machine vision develops closer traffic ties
    January 11, 2013
    Specifiers and buyers of camera technology in the transportation sector know what they need and are seeking innovative solutions. Over the following pages, Jason Barnes examines the latest developments with experts on machine vision technology. Transplanting the very high-performance camera technology used in machine vision from tightly controlled production management environments into those where highly variable conditions are common requires some careful thinking and not a little additional effort. Mach
    Read More

Highlighted Content