Swarco expands Danish presence

Swarco has expanded its presence in Denmark with the acquisition of Danish company technical Traffic Solutions (TTS), one of the country’s leading traffic control and intelligent transport systems companies.
April 28, 2014 Read time: 2 mins
129 Swarco has expanded its presence in Denmark with the acquisition of Danish company 7729 Technical Traffic Solutions (TTS), one of the country’s leading traffic control and intelligent transport systems companies.

Hans Petter Ødegaard, Oslo-headquartered Swarco Nordic managing director, regards the acquisition as an important step to consolidating and expanding Swarco’s leading position in Denmark and beyond, ”With the acquisition of TTS, we have reinforced our presence and prepared for further long-term growth in the Danish market. We have achieved a constant annual growth in the Nordic ITS market over the past 10 years and are convinced that the acquisition of TTS will further contribute to this development”.

Energy company 7730 NRGi, owner of TTS since 2008, is happy with the choice of Swarco as the new owner. ”We have looked for a strong partner capable of further developing the activities of TTS, and for us Swarco is the best choice. We are also looking forward to extending the cooperation with Swarco in other areas, especially in combined projects and activities together with our daughter company 7731 EL:CON”, says NRGi managing director Søren Sørensen.

The activities of TTS will be integrated with Swarco’s operations in Denmark. Swarco Danmark Managing Director Søren Kolding looks forward to the new power arising from the complementary competence and customer base. He says, ”The acquisition will make us able to utilise the strengths of both companies and shape the new market leader in Denmark with a full range of advanced ITS solutions and services, based on innovation and dedicated customer focus.”
UTC

Related Content

  • October 13, 2021
    Swarco completes Dynniq Mobility buy
    Less than two weeks ago, Swarco announced the acquisition of Dynniq Mobility, a move being talked about here in Hamburg and one that will have beneficial implications for the ITS industry in Europe
    Read More
  • October 7, 2014
    Swarco and Transver, partners in ITS
    Austrian traffic technology corporation Swarco has acquired Munich-based transport research and consultancy firm Transver, in an agreement that will see them aggregate their comprehensive knowledge of international transportation systems (ITS) and push their cooperation with universities and research institutions in the field of intelligent traffic management. Swarco sees the acquisition as an important step in mastering the mobility challenges of the future. Both companies have extensive experience in t
    Read More
  • January 27, 2012
    Schneider Electric to acquire Telvent for $2 billion
    Schneider Electric has signed a definitive agreement with Telvent GIT to make a cash tender offer for all of Telvent's shares at a price of $40 per share, which represents a premium of 36% to Telvent's average share price over the last 3 months.
    Read More
  • June 23, 2015
    Sensys Traffic to acquire Gatso
    Sensys Traffic is to acquire Dutch enforcement company Gatso in a deal worth around US$33.9 million. Sensys’ acquisition of Gatso and the merger of the operations the two companies will create the largest supplier of traffic enforcement equipment with a strong presence in Europe, the Middle East, Asia and Australia, as well as the North American managed services market. The combined company will operate under the name Sensys Gatso Group, with an installed base of 18,000 systems and 202 employees. The
    Read More

Highlighted Content