Skip to main content

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

  • How can US transportation be ‘re-envisioned’?
    October 17, 2019
    In her address to this year’s ITS America Annual Meeting, congresswoman Eleanor Holmes Norton, chair of the House Subcommittee on Highways and Transit, called for a ‘re-envisioning’ of transportation. Her speech is below – and ITS International asks a number of US experts what they would like to see ‘re-envisioned’…

    I would like to welcome  ITS America to the nation’s capital.

  • New forms of smart mobility aiding congestion reduction, report finds
    June 26, 2015
    A new report from Navigant Research analyses the global market for smart urban mobility infrastructure and services in smart cities, including car sharing, advanced traffic management, smart parking, and other transportation innovations, with regional forecasts for revenue, through 2024. According to the report, Urban Mobility in Smart Cities, the market for smart urban mobility infrastructure and services is expected to exceed US$25 billion in 2024. In cities around the world, thoughts on mobility in ur
  • US transportation 'needs political leadership'
    November 9, 2012
    Long-time industry leader John Worthington reflects on where transportation in the US is heading – and where it should be going. Interview with Jason Barnes. The US’s new transportation bill reflects much of what is wrong in the sector in general and in ITS in particular, according to John Worthington. While a decision is welcome, he says, it does little more than provide certainty of funding for anything other than day-to-day operations. Worthington, former Chairman and CEO of TransCore, is back in the ITS
  • Fleet management systems in the Americas ‘will exceed 13 million units by 2019’
    November 10, 2015
    According to a new research report from analyst firm Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in North America was 4.7 million in the fourth quarter of 2014. Growing at a compound annual growth rate (CAGR) of 15.5 percent, this number is expected to reach 9.7 million by 2019. In Latin America, the number of active fleet management systems is expected to increase from 2.1 million in the fourth quarter of 2014, growing at a CAGR of 14.6 percent to re