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

  • Knowing when to slow down
    August 8, 2018
    Level 2 driver assistance vehicles have little problem reading fixed metal signs at the roadside - but it’s a different story with VMS in tunnels, finds Alan Dron. Following a series of hands-free driving tests in tunnels, an Australian road authority believes that car manufacturers have to up their game before vehicles have the required levels of competence to consistently perform ‘assisted driving’ tasks. The trials, in the state of Victoria late last year, tested the ability of several vehicles to stay
    Read More
  • New York City, one traffic control centre, 10,000 intersections
    September 9, 2014
    The New York City Department of Transportation (NYCDOT) recently became the first in the world to actively manage and control more than 10,000 signalised intersections from a single traffic management centre and one integrated system. TransCore designed and installed the central traffic control system in 21006, including the modernisation of intersection control equipment, implementation of a central traffic control system and support of the City’s wireless communications network. The City’s US$120
    Read More
  • Q-Free acquires Open Roads Consulting
    July 17, 2014
    Q-Free has signed a Share Purchase Agreement (SPA) for the acquisition of Open Roads Consulting for a cash consideration of approximately US$6.2 million. Further consideration is dependent on future financial performance. The transaction is expected to be closed within the end of the third quarter 2014. The acquisition represents a milestone for Q-Free and is a strategically good match with other advanced traffic management systems (ATMS) and road user charging (RUC) activities within the group. It will
    Read More
  • Commercial vehicle telematics market ‘to reach US$11.2 billion in 2014’
    January 20, 2014
    A new report from business information specialist Visiongain has assessed that the value of the global commercial vehicle telematics market will reach US$11.2 billion in 2014. Growth in this market is mainly driven by three factors. Firstly, increasing fuel prices accompanied by strong price competition in logistics create downward pressure on the profit margins of transportation companies and fleet operators and drive them to adopt telematics to sustain profitability and gain competitive advantage. S
    Read More

Highlighted Content