Q-free has agreed to acquire Malta-based parking management solutions provider Traffiko for US$1.12 million; the deal also includes an earn-out condition that can generate up to US$1.12 million more.
Q-Free and Traffiko have long partnered in parking management systems projects, most recently in the APCOA contract to supply systems for parking garages at the Stockholm globe arena.
Traffiko offers a wide range of advanced traffic applications including secure cloud hosted web-based applications for car
As part of a previously announced strategy to strengthen its parking and electro-mobility businesses which it says is a key investment focus, Austrian traffic technology group Swarco has announced a restructuring of its UK business and a series of new appointments.
The company has created a new parking and e-mobility division comprising APT SkiData, Veri-park, Evolt and APT Security Systems, to be led by Sean Dunstan, the former managing director of APT SkiData, who now assumes a much wider group role.
Geveko, which changed its name to Geveko Markings at the beginning of the year, will be at Intertraffic Amsterdam to demonstrate that it is focused on developing, producing and supplying marking materials to clients and users around the world. Geveko Markings will also present an expanded product portfolio with the new InFloor segment - a range of products focused on indoor use. Specially adapted to perform in places like indoor parking areas or industrial areas, the InFloor product range offers different s
According to research company Statista’s Digital Market Outlook (DMO), 2016 will see approximately 11 million connected cars in America, with almost 32 million intelligent cars on America’s streets by 2020. Worldwide the number of connected cars is forecast to rise to 160 million intelligent vehicles.
Statista claims the main impact of the enormous growth of the market comes from the rapid development of new features and possibilities. The biggest segment however, according to the DMO, is not infotainmen
