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

  • Onomotion raises €6 for urban mobility
    December 15, 2022
    Berlin tech company's e-cargo bike is designed to make last-mile solutions easier & greener
    Read More
  • Digital twins help city space race
    October 26, 2022
    As the world becomes more urbanised, there is a need to monitor the likely effects this will have on the way we live, says Jeroen Borst of TNO, the Dutch organisation for applied scientific research
    Read More
  • Kapsch offers EETS–compliant Tolling Services
    June 7, 2017
    Kapsch’s Bernd Eberstaller explains how the company’s new Tolling Services will help expand the number and capabilities of EETS services providers. By 2017, the European Electronic Tolling Service (EETS) should have been in operation for several years but it still remains some way away and with several significant hurdles still to be addressed. The concept behind EETS is simple enough: road users should be able to drive across Europe using only a single transponder to pay for all tolls, with the account-han
    Read More
  • Meeting the challenges of smartcard fare payment
    July 4, 2012
    David Crawford monitors a growing trend in contactless smartcard ticketing The north east United States has become a hive of activity in the smart fare payment arena. In October 2011, the New York Metropolitan Transportation Authority (MTA) published, as a preliminary to an imminent procurement process, the detailed concept of its New Fare Payment System (NFPS). Based on open payment industry standards, this is designed to be implemented on all MTA bus and subway services operated by New York City Transit (
    Read More

Highlighted Content