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.

 

Related Content

  • January 27, 2012
    Integrate systems to reduce roadside infrastructure
    David Crawford reviews promising current developments. Instrumentation of the road infrastructure has grown to become one of the most dynamic sectors of the ITS industry. Drivers for its deployment include global concerns over the commercial and environmental pressures of traffic congestion, the importance of keeping drivers informed throughout their journeys, and the need to reduce accident rates and promote the safety of all road users, for example by enforcing traffic safety rules.
    Read More
  • July 5, 2012
    Singapore piloting next-gen congestion management
    NXP Semiconductors has announced it has begun testing a next-generation congestion management system in Singapore. Cars equipped with the company’s 3.5G telematics solution ATOP (automotive telematics on-board unit platform) are currently piloting this urban modern mobility solution.
    Read More
  • January 29, 2021
    PayComplete targets transport transactions
    FinTech IoT platform aims to provide transit fare and parking fee reconciliation
    Read More
  • January 15, 2019
    PTV appoints Gabriel Sanchez to manage expansion in the Americas

    PTV has appointed Gabriel Sanchez as regional director of PTV America, where he will be responsible for the company’s expansion in North and South America.

    The appointment is part of the company’s strategy to expand its transport planning and traffic simulation business to include mobility solutions such as Mobility as a Service, ITS and urban logistics.

    Read More

Highlighted Content