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.

Related Content

  • December 22, 2016
    Honda and Waymo in discussions on self-driving technology
    Honda R&D the R&D subsidiary of Honda Motor is entering into formal discussions with Alphabet’s Waymo, with a view to integrating its self-driving technology with Honda vehicles. This technical collaboration between Honda researchers and Waymo's self-driving technology team would allow both companies to learn about the integration of Waymo's fully self-driving sensors, software and computing platform into Honda vehicles. As part of the discussion on technical collaboration, Honda could initially prov
    Read More
  • December 19, 2016
    Cubic to trial open loop payment fare ticketing in Sydney, Australia
    Cubic Transportation Systems (CTS) has been awarded a contract worth US$7.6 million (AU$10.2 million) from Transport for New South Wales to deliver a trial of an open loop payments ticketing technology to Sydney, Australia’s largest city. The trial, to begin in 2017, will allow Sydney commuters using participating payment schemes to tap their contactless bankcard directly on Opal readers at the trial site to pay for travel. According to Tom Walker, senior vice president and managing director of Asia
    Read More
  • March 29, 2017
    When speed compliance becomes a safety issue
    David Crawford finds that softly, softly can be safely, safely when it comes to speed enforcement. Comedians and controversial TV presenters have long made jokes about having to watch the speedometer so closely as they pass speed camera after speed camera that they mow down bus queues. But the joke may have some factual basis according to a study by researchers from the University of Western Australia.
    Read More
  • May 19, 2014
    Electronic toll collection system market projected to grow $9.5 billion by 2020
    According to a new market research report by MarketsandMarkets, Electronic Toll Collection System Market by Products, Technology Applications and Geography - Analysis & Forecast 2013-2020, the market for electronic toll collection (ETC) is expected to grow at a CAGR of 11.1 per cent from 2013 to 2020, and reach US$9.5 billion in 2020. The overall global electronic toll collection system market is segmented into four major areas: products, technologies, applications and geography. All the major segments a
    Read More

Highlighted Content