Swedish firm buys CA Traffic | Smart Highways Magazine: Industry News

Swedish firm buys CA Traffic

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CA Traffic Ltd has announced  that TagMaster, a supplier of advanced RFID and ANPR solutions, has acquired it from Hill & Smith Holdings PLC.

TagMaster is an application driven technology company that designs and markets advanced identification systems and solutions based on radio & vision technology for demanding environments. Business areas include Traffic Solutions and Rail Solutions providing innovative mobility solutions, sold under the brands TagMaster, CitySync and Balogh.

”TagMaster is excited about this important step in our growth strategy and we will together with CA Traffic become a stronger player in the Traffic Solutions market,” says Jonas Svensson, CEO, TagMaster.  “Following this acquisition we will continue to establish ourselves as an important player in Smart City solutions. There are clear and immediate synergies between CA Traffic and CitySync on the ANPR/ALPR offering. With the combined expertise at CA Traffic and CitySync we believe we have an excellent opportunity to become one of the main players in the fast growing international ANPR/ALPR market. We will also take full advantage of CA Traffic’s technical expertise in traffic monitoring products starting with our Nordic and French home markets. Through the acquisition we will also in the mid-term be able to increase our presence in a growing US infrastructure market.”

Commenting on the acquisition, Bernard Greene, CA Traffic MD, said “We have been working with CitySync for some years and are now very pleased to be joining the TagMaster group. We recognise and welcome the strength that the union will bring to both brands and the synergies that are immediately apparent with the other TagMaster companies.”

 
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