Following its recent acquisition of 131 TDC Systems in the UK, 108 Q-Free is to acquire Slovenian company 7724 Traffic Design, an acquisition that reflects a continuation of Q-Free’s strategy to strengthen its business within Advanced Transportation Management Systems (ATMS).
Traffic Design was established in 1990 and is the market leader in traffic management, parking systems and tolling in Slovenia. The company has installed traffic management and parking systems nationwide and is the operator of the country’s tolling system.
“The inclusion of Traffic Design’s products and solutions into our portfolio is a further important step towards realising our ambitions in the intelligent traffic systems market. Traffic Design strengthens both our ATMS business and our already leading position in the road user charging market,” says Q-Free CEO Thomas Falck.
“Traffic Design has historically been operating in local markets, with limited access to international customers. Joining forces with Q-Free will enable a global reach for our products, which we believe is a unique possibility for Traffic Design. We are impressed with Q-Free’s employees and products, and are looking forward to working on the same team in the future,” says Traffic Design CEO Blaz Gostisa.
Q-Free has acquired a series of ATMS companies over the past 18 months, including7045 TCS International in the US and Canada, 7723 Elcom in Serbia, TDC Systems in the UK, and made a ten percent strategic investment in US-based 7316 Intelight. The acquisition of Traffic Design provides further synergies in the process of broadening Q-Free’s product range.
In the longer-term, Q-Free expects that the markets for ATMS and road user charging to converge into a joint market for intelligent transport systems (ITS), both technologically and commercially. Q-Free intends to play an important role in this market, and considers Traffic Design’s products, solutions and services as a strong addition to its product offering.
Traffic Design was established in 1990 and is the market leader in traffic management, parking systems and tolling in Slovenia. The company has installed traffic management and parking systems nationwide and is the operator of the country’s tolling system.
“The inclusion of Traffic Design’s products and solutions into our portfolio is a further important step towards realising our ambitions in the intelligent traffic systems market. Traffic Design strengthens both our ATMS business and our already leading position in the road user charging market,” says Q-Free CEO Thomas Falck.
“Traffic Design has historically been operating in local markets, with limited access to international customers. Joining forces with Q-Free will enable a global reach for our products, which we believe is a unique possibility for Traffic Design. We are impressed with Q-Free’s employees and products, and are looking forward to working on the same team in the future,” says Traffic Design CEO Blaz Gostisa.
Q-Free has acquired a series of ATMS companies over the past 18 months, including
In the longer-term, Q-Free expects that the markets for ATMS and road user charging to converge into a joint market for intelligent transport systems (ITS), both technologically and commercially. Q-Free intends to play an important role in this market, and considers Traffic Design’s products, solutions and services as a strong addition to its product offering.
