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

  • Siemens and Streetline join forces for next generation parking solutions
    January 26, 2012
    Siemens Industry has announced an agreement with Streetline, a leading provider of sensor-based smart parking solutions in the United States, to jointly market a range of smart parking products and services for municipalities, airports, universities and private parking operators.
    Read More
  • Lidar: beginning to see the light
    March 14, 2022
    Lidar feels like a technology whose time has come – but why now? Adam Hill talks to manufacturers, vendors and system integrators in the sector to assess the state of play and to find out what comes next
    Read More
  • Nokia sells device business to Microsoft, but retains Here
    September 4, 2013
    Nokia Corporation has signed an agreement to sell substantially all of its devices and services business and licence its patents to Microsoft for US$7.1 billion in cash, payable at closing. Following the transaction, Nokia plans to focus on its three established businesses: NSN network infrastructure and services; Here mapping and location services; and Advanced Technologies technology development and licensing.
    Read More
  • Finalists shortlisted for ITS Australia National Awards 2017
    October 10, 2017
    The finalists have been shortlisted for the ITS Australia National Awards 2017. The winners will be announced at The Pavilion, Arts Centre Melbourne on 23 November 2017. This year’s event has a record number of nominations and nearly twice as many submissions considered by the judging panel across all categories, compared to last year. For the Industry award, the finalists and their projects include Aldridge Traffic Controllers – ATSC4 Traffic Signal Controller with VC6.1 and HRS Software, CEOS
    Read More

Highlighted Content