Cubic in discussions to acquire Serco transport solutions business

California-based Cubic Corporation is in discussions to acquire the transport solutions business of UK traffic systems company Serco. Serco provides traffic management systems technology, traffic enforcement and the maintenance of traffic signals, emergency equipment and other critical road and tunnel infrastructure. Cubic believes the business has excellent specialist knowledge and capability in the enforcement, road and traffic markets. Transport Solutions support customers such as Transport for London, t
June 7, 2013 Read time: 1 min
California-based 378 Cubic Corporation is in discussions to acquire the transport solutions business of UK traffic systems company 1676 Serco.

Serco provides traffic management systems technology, traffic enforcement and the maintenance of traffic signals, emergency equipment and other critical road and tunnel infrastructure. Cubic believes the business has excellent specialist knowledge and capability in the enforcement, road and traffic markets. Transport Solutions support customers such as 1466 Transport for London, the 503 Highways Agency, 505 Transport Scotland, numerous Safety Camera Partnerships and Transport for New South Wales, Australia.

Cubic and Serco have not entered a final and binding agreement. In the event that such an agreement is reached, it is Cubic’s intention to integrate the business into its Transportation Systems division, a leading integrator of technology and services for intelligent travel solutions.

For more information on companies in this article

Related Content

  • Road safety market worth US$3.63 billion by 2020
    December 22, 2015
    According to a new market research report, Road Safety Market by Solution (Red Light Enforcement, Speed Enforcement, Incident Detection Systems, Bus Lane Compliance, Automatic License Plate Recognition), by Service, by Region - Global Forecast to 2020, published by MarketsandMarkets, the size of the road safety market is estimated to grow from US$2.35 billion in 2015 to US$3.63 billion by 2020, at a compound annual growth rate (CAGR) of 9.1 per cent. With an increase in the number of road fatality rate, the
    Read More
  • Fleet management systems in Europe expected to reach 8.9 million by 2019
    November 20, 2015
    According to a new research report from the analyst firm Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in Europe was 4.40 million in the fourth quarter of 2014. Growing at a compound annual growth rate (CAGR) of 15.1 percent, this number is expected to reach 8.90 million by 2019.
    Read More
  • Sydney’s RMS opts for Schneider Electric back office toll technology
    February 22, 2013
    Schneider Electric is to use its expertise and experience in developing and implementing free-flow toll system management solutions and electronic toll payment solutions in the design, supply and installation of the tolling system back office for Australia’s New South Wales Government's Roads and Maritime Services (RMS). RMS is a delivery arm of Transport for NSW and is responsible for building and maintaining roads, conducting driving tests, issuing licences and registrations and overseeing harbours and wa
    Read More
  • Where is tolling tech taking us?
    September 25, 2019
    From DSRC and RFID to GNSS or smartphones – which technology is ‘best’ for tolls, charging and pricing schemes? In the first of two articles, Josef Czako examines the options
    Read More

Highlighted Content