TagMaster subsidiary CA Traffic receives extension order on Smart City solution
Stockholm, Sweden, September 26, 2018
TagMaster, leading supplier of advanced sensor systems for Smart Cities, has through its subsidiary CA Traffic Ltd received an order on extension for a Smart City solution in Newcastle in northern England. The order comprises both ANPR products and traffic management software.
The order is an extension to an existing structure that have been in place since 2013 and is an important part of Newcastle Smart City development project. The order includes both ANPR products from TagMaster subsidiaries CA Traffic and CitySync, and an extension of the CA Traffic Catalyst management software that manage all the ANPR cameras in Newcastle.
Newcastle is one of the most developed and advanced cities in UK when it comes to Smart City solutions. Data from multiple sensor sources in the city are used to implement a number of strategies/algorithms, out of which many are fully automated, to achieve the key aims of reducing travel times, improving air quality and keeping the public fully informed in order to encourage visitors to the region.
All ANPR products are part of the standard assortment and will be delivered during 2018.
”TagMaster has earlier expressed its enthusiasm for the product portfolio that we, after the acquisition of CA Traffic, can offer the market. This order confirms our ambition to become the leading Smart City solution provider in the UK. We will during the next 12 months launch a number of hardware and software innovations within our ANPR product segment. This will together with our enlarged sales force, help us to increase our market share significantly”, says Jonas Svensson, CEO, TagMaster.
For further information please contact:
Jonas Svensson, CEO, +46 8-632 19 50, email@example.com
TagMaster is an application driven technology company that designs and markets advanced sensor systems and solutions based on radio & vision technology (RFID, Radar & ANPR) for demanding environments. Business areas include Traffic Solutions and Rail Solutions sold under the brands TagMaster, CitySync, Balogh, CA Traffic, Magsys and Hikob with innovative mobility solutions in order to increase efficiency, security, convenience and to decrease environmental impact within Smart Cities. TagMaster has dedicated agencies in the US and in China and exports mainly to Europe, The Middle East, Asia and North America via a global network of partners and, systems integrators. TagMaster was founded in 1994 and has its headquarters in Stockholm. TagMaster is a public company and its shares are traded on First North stock exchange in Stockholm, Sweden. TagMasters certified advisor is Erik Penser Bank AB. www.tagmaster.com
TagMaster announces the acquisition of CA Traffic
TagMaster, the leading supplier of advanced RFID products and ANPR cameras for vehicle identification within Traffic and Rail Solutions, today announces that it has completed the acquisition of CA Traffic Ltd from Hill & Smith Holdings PLC for a total cash consideration of £3m.
CA Traffic Ltd was established in 1994 and is the leading traffic monitoring company, offering an array of sensor products, ITS software systems and high specification ANPR cameras, in UK. It has provided traffic monitoring devices to UK local authorities for 25 years and supplied intelligent ANPR camera systems to UK police since 2010. CA Traffic is recognised as providing market leading technology with a strong service portfolio.
The acquisition is expected to be earnings enhancing to TagMaster in the current financial year.
”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. 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” says Jonas Svensson, CEO, TagMaster
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.”
For further information please contact:
Jonas Svensson, CEO,
TagMaster is an application driven technology company that designs and markets advanced identificationsystems and solutions based on radio & vision technology (RFID & ANPR) for demanding environments. Business areas include Traffic Solutions and Rail Solutions providing innovative mobility solutions, sold under the brands TagMaster, CitySync & Balogh, in order to increase efficiency, security, convenience and to decrease environmental impact within Smart Cities. TagMaster has dedicated agencies in the US and in China and exports mainly to Europe, Middle East, Asia and North America via a global network of partners, systems integrators and distributors. TagMaster was founded in 1994 and has its headquarters in Stockholm. TagMaster is a public company and its shares are traded on First North stock exchange in Stockholm, Sweden.TagMasters certified advisor is Remium Nordic AB. For more information about TagMaster, please visit www.tagmaster.com