Cubic acquires Trafficware to help reduce urban congestion

October 25, 2018 Read time: 1 min

Cubic has acquired US traffic management specialist 5642 Trafficware to offer broader solutions for combating urban congestion – in a deal valued $235.7 million.

Trafficware, now a part of the Cubic Transportation Systems business unit, offers a suite of software, internet of things devices and hardware solutions to improve mobility and safety.

Bradley Feldmann, chairman, president and chief executive officer of Cubic, says the deal will aid the company’s strategy to develop intelligent traffic solutions and enable smart cars through smart infrastructure.

Cubic expects Trafficware to contribute approximately $50m in sales and $14m to $15m of adjusted EBITA. Also, the company anticipates the transaction will be accretive to cash earnings per share in the first full year of operations, exclusive of transaction fees.

 

For more information on companies in this article

Related Content

  • Cubic acquires Gridsmart to expand intelligent traffic management portfolio
    January 4, 2019
    Cubic has acquired US technology company Gridsmart Technologies in an $87 million deal and will use its video tracking solution to help reduce congestion. Gridsmart’s Bell Camera offers horizon to horizon tracking with a fisheye lens for intersection actuation, data collection and situational awareness. The solution is also expected to track vehicle trajectory from approach through the centre of the intersection to exit. The acquisition will also help advance Cubic’s NextCity vision of creating a smarte
    Read More
  • TagMaster acquires Quercus in €5.5m deal
    December 3, 2024
    Acquisition is designed to strengthen position in global parking sector
    Read More
  • Schneider Electric to acquire Telvent for $2 billion
    January 27, 2012
    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
  • Kapsch TrafficCom to acquire Mark IV IVHS
    March 1, 2012
    Kapsch TrafficCom AG has agreed to acquire, through subsidiaries, the businesses of Mark IV IVHS, part of Mark IV, LLC (US), in the United States, in Canada and in Mexico
    Read More

Highlighted Content