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

  • Chicago integrates regional transit fares
    December 16, 2014
    Travellers in Chicago will soon be able to use a single app to plan their journey, pay and receive real-time alerts across all public transit services in the Chicago region. The Chicago Transit Authority (CTA), suburban bus operator Pace and commuter rail system Metra have awarded Cubic Transportation Systems a US$5.4 million contract to supply an integrated mobile application and system supporting a wide variety of mobile ticketing, mobile top up, contactless mobile payment using Near Field Communication (
    Read More
  • Nokia sells device business to Microsoft, but retains Here
    September 4, 2013
    Nokia Corporation has signed an agreement to sell substantially all of its devices and services business and licence its patents to Microsoft for US$7.1 billion in cash, payable at closing. Following the transaction, Nokia plans to focus on its three established businesses: NSN network infrastructure and services; Here mapping and location services; and Advanced Technologies technology development and licensing.
    Read More
  • Kapsch finds €4m mobility solution for Vitoria-Gasteiz
    January 22, 2024
    Four-year contract aims to ensure reliable and safe mobility in northern Spanish city
    Read More
  • Peachtree Corners partners with Israel tech start-up organisation
    May 30, 2023
    New agreement will bring Israeli firms to 'Silicon Orchard' for testing and knowledge share
    Read More

Highlighted Content