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

  • Tracis acquires Datasys
    May 19, 2014
    A Manchester firm that specialises in software for the transport industry has been acquired by listed Leeds group Tracsis in a cash and shares deal worth US$7.5 million. Datasys, which employs 17 staff, provides rail management software systems, business applications and hosting services for the majority of the UK's train operating companies, such as First Group, Go-Ahead, Stagecoach, National Express, Arriva, and Virgin. Tracsis believes that the products, services and development capabilities of Da
    Read More
  • Mobility itself is moving says cubic
    June 9, 2015
    Cubic’s Chris Bax looks at the challenges and benefits of implementing transport as a service. Imagine paying for travel in exactly the same way you buy your phone service. For example, you would pay a set amount in exchange for a monthly travel package covering up to 100km of free taxi journeys in your home city (including a guaranteed 15 minute pickup) and public transport usage within a 1,500km radius of your home. Not only would this option be cheaper than owning and maintaining your own car, you would
    Read More
  • Automotive players targeting corporate mobility
    April 14, 2015
    Offering services that facilitate an integrated door-to-door business travel management solution is one of the main focus areas for growth and investment in 2015 in the automotive industry, according to Frost & Sullivan. With the business travel market worth US$1.3 trillion (GBTA), there is an increasing trend towards companies using online booking tools and cloud based services to plan, book, and expense/account business trips. Automotive market players are working to have their share of the future corpora
    Read More
  • Serco awarded new contract to deliver safety service patrol support for TxDOT
    September 21, 2017
    Technology and management services provider Serco has been awarded a new contract to provide safety service patrol support for the Texas Department of Transportation (TxDOT) Austin District. Under this new contract, Serco will manage the safety service patrol (SSP) services delivered across 310 miles of roadways in Austin to help minimise incident duration and improve driver safety during traffic incidents.
    Read More

Highlighted Content