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

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