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.”
Urban Traffic Control

For more information on companies in this article

Related Content

  • Hella and Autoliv sign license and cooperation agreement
    May 18, 2012
    Hella Aglaia Mobile Vision, a subsidiary of Hella KGaA Hueck & Co., and Autoliv have agreed to cooperate and further develop their automotive forward-looking vision systems together. As part of the agreement that bundles the competencies of both companies, Hella Aglaia is selling an exclusive license on monovision based algorithms for traffic sign recognition (TSR), lane detection and light source recognition to Autoliv. By monitoring traffic signs, TSR helps the driver to keep the correct speed and follow
    Read More
  • Europe's electronic toll service closer to operational reality
    November 7, 2012
    After much debate and delay, a unifying European Electronic Toll Service is now finally on the horizon, says ASFiNAG’s Klaus Schierhackl. Here, he talks with Jason Barnes about what that might mean. Aworkable European Electronic Toll Service (EETS) which will allow truck drivers to travel across the continent and pay tolls using a single account and OnBoard Unit (OBU) was originally timetabled to be in place and operating by October of this year. A lack of urgency from some of the stakeholders involved in t
    Read More
  • Potential game-changing MoU on tolling and ITS market cooperation for North America
    February 2, 2012
    Kapsch TrafficCom IVHS Corporaton and Federal Signal Corporation have entered into a Memorandum of Understanding after substantial discussions during the past few months regarding ways in which the two organisations might cooperate and jointly pursue mutual business interests in North America.
    Read More
  • Swarco restructures UK traffic and parking business
    December 8, 2015
    As part of a previously announced strategy to strengthen its parking and electro-mobility businesses which it says is a key investment focus, Austrian traffic technology group Swarco has announced a restructuring of its UK business and a series of new appointments. The company has created a new parking and e-mobility division comprising APT SkiData, Veri-park, Evolt and APT Security Systems, to be led by Sean Dunstan, the former managing director of APT SkiData, who now assumes a much wider group role.
    Read More

Highlighted Content