GMV acquisition of US-based Mobilitat Works boosts expansion potential

Spanish fleet management and passenger information systems supplier GMV has recently signed an agreement thorough its US intelligent transportation systems company Syncromatics to acquire 100 per cent of Mobilitat Works.
September 27, 2016 Read time: 1 min

Spanish fleet management and passenger information systems supplier 55 GMV has recently signed an agreement thorough its US intelligent transportation systems company Syncromatics to acquire 100 per cent of Mobilitat Works.

Founded in 1998, Mobilitat Works specialises in demand-response intelligent transportation systems for the US market, in particular special transport services for people with a disability or functional diversity, known as paratransit.

GMV has been pursuing an international growth and expansion strategy for several years, with the US always a top priority. It believes that TMV and Mobilitat Works technologies complement each other and their combined resources will to accelerate Mobilitat’s already sharp growth over recent years in the US.

For more information on companies in this article

GMV

Related Content

  • Conscience versus convenience
    June 8, 2015
    David Crawford looks at new ways forward for public transport. By 2025, nearly 60% of the world’s population will be living in towns and cities, increasing their extent and density, and the journeys that people make within and between them. In response, the International Association of Public Transport (UITP) wants to see public transport’s global modal share doubling (PTx2) by the same date. “Success in 2025,” a spokesperson told ITS International, “will save 170 million tonnes of oil equivalent and 550
    Read More
  • Global ITS market expected to reach US$ 30.2 billion by 2019
    October 3, 2013
    According to a new market report published by Transparency Market Research, "Intelligent Transportation System (ITS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global market for ITS is expected to reach a value of USD 30.2 billion by 2019, at a CAGR of 11.1 per cent from 2013 to 2019. The demand for ITS systems is rising globally due to increased congestion in metropolitan areas. Development and deployment of intelligent transportation system not only r
    Read More
  • Will the European Electronic Tolling System serve its purpose?
    February 3, 2012
    ASECAP's Kallistratos Dionelis asks whether, despite the best intentions at the policy level, the European Electronic Tolling System can ever hope to serve the customer in the way it is intended to. Reality doesn't just happen. In many ways, reality is created. We first create or produce a reality and then we consume it; this takes time and has a cost that needs to be covered.
    Read More
  • Catapult to explore Brazil opportunities
    January 15, 2015
    The UK’s Transport Systems Catapult announced its first international partnership after signing a Memorandum of Understanding with Brazilian technology provider Gol Grupo. The two organisations will now explore areas of cooperation in technologies and services related to urban mobility and connected smart cities. “The Transport Systems Catapult was set up not only to champion the development of smarter transport systems for the UK, but also to promote UK expertise in Intelligent Mobility for overseas
    Read More

Highlighted Content