Tag Archives for: TagMaster

TagMaster receives order for delivery of RFID systems to toll stations in India

December 04, 2019

 

 

TagMaster receives order for delivery of RFID systems to toll stations in India

Stockholm, Sweden 4 December 2019

 

TagMaster, a leading supplier of advanced sensor systems for Smart Cities within Traffic and Rail, has received an order for delivery of 340 RFID systems for road toll projects in India. The order is worth approximately SEK 3 million and delivery will take place during the fourth quarter this year.

 

 

The expansion of the road network in India to cope with the difficult traffic situation in the country is pervasive. The Indian government prioritizes infrastructure investments and tolls are an important part of financing the expansion of the road network.

TagMaster is, since eight years, one of the main suppliers for Indian toll stations. The current order concerns the delivery of a total of 340 RFID systems to a large number of multi-lane toll stations. The stations are an important part of the process of making the transport system in India more efficient.

“The order shows that our products and technology are at the forefront and more orders in India are to be expected in 2020. It also gives us the conditions to continue investing in Tolling & Security, which is a priority application area for us”, said Jonas Svensson, CEO, TagMaster.

Deliveries of the RFID systems are made during the fourth quarter of this year and the order is worth approximately SEK 3 million.

For further information, please contact

Jonas Svensson, CEO, +46 8-6321950, jonas.svensson@tagmaster.com

About TagMaster

TagMaster is an application driven technology company that designs and markets advanced sensor systems and solutions based on radio, radar, vision and magnetic technology for demanding environments. Business areas include Traffic Solutions and Rail Solutions sold under the brands TagMaster, CitySync, Balogh, CA Traffic, Magsys, Hikob and Sensys Networks with innovative mobility solutions in order to increase efficiency, security, convenience and to decrease environmental impact within Smart Cities. TagMaster has subsidies in UK, France and US 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 Nasdaq First North Growth Market in Stockholm, Sweden. TagMasters certified advisor is Erik Penser Bank phone +4684638300, E-mail: certifiedadviser@penser.se.  www.tagmaster.com

TagMaster granted new patent in the USA regarding toll solution

November 12, 2019

TagMaster granted new patent in the USA regarding toll solution

 

 

Stockholm, Sweden 12 November 2019

TagMaster, a leading supplier of advanced sensor systems for Smart Cities within Traffic and Rail, has been granted a patent in the USA for a software solution for combining information from a number of antennas in electronic toll solutions and thereby increasing the efficiency of the system.

 

The patent, which has number 10.438.482 and has been issued by the United States Patent and Trademark Office, describes a method for using received signals from a plurality of separate antennas in a multilane installation. By combining data can the specific lane of a particular vehicle be determined.

Determination of lanes is fundamental to electronic toll solutions and the now patented innovation provides a very cost effective and accurate solution. This is of particular importance in the difficult environment of multi-path reflections when using for instance UHF RFID for road tolling.

“The granting of our patent application further recognizes the high quality of our innovation work. In addition, it gives us strength in the relationships with key market players for tolls as the solution has been developed in response to actual market needs and within a priority area for us”, said Jonas Svensson, CEO, TagMaster.

For further information, please contact

Jonas Svensson, CEO, +46 8-6321950, jonas.svensson@tagmaster.com

About TagMaster

TagMaster is an application driven technology company that designs and markets advanced sensor systems and solutions based on radio, radar, vision and magnetic technology for demanding environments. Business areas include Traffic Solutions and Rail Solutions sold under the brands TagMaster, CitySync, Balogh, CA Traffic, Magsys, Hikob and Sensys Networks with innovative mobility solutions in order to increase efficiency, security, convenience and to decrease environmental impact within Smart Cities. TagMaster has subsidies in UK, France and US 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 Nasdaq First North Growth Market in Stockholm, Sweden. TagMasters certified advisor is Erik Penser Bank phone +4684638300, E-mail: certifiedadviser@penser.se www.tagmaster.com

TagMaster is breaking into the German market

October 29, 2019

TagMaster is breaking into the German market

 

Stockholm, Sweden 29 October 2019

TagMaster, a leading supplier of advanced sensor systems for Smart Cities within Traffic and Rail, strengthens its position in the German market and other German-speaking countries. TagMaster now has collaboration with the three largest integrators in the German market as a subcontractor of RFID sensors for access control solutions.

 

The collaboration means that the integrators in their solutions for end customers can offer TagMaster’s RFID sensors together with customized software

“This is a breakthrough for us as we enter a large new market. The potential lies in adding value to the integrators’ solutions because our products are safer than the alternatives, provide more information and are more cost effective”, said Jonas Svensson, CEO, TagMaster.

The integrators that TagMaster now collaborates with – Bosch Sicherheitssysteme Germany, Swiss Dormakaba and German phg Peter Hengstler – are strong in addition to the German market in Switzerland, Austria and the Netherlands. TagMaster, through its partners, reaches approximately 20 percent of the German market for access control.

“We will now intensify the marketing in the markets to which the collaboration applies to make us well known there. We have not focused on these markets in the past and expect positive results”, said Jonas Svensson.

For further information, please contact

Jonas Svensson, CEO, +46 8-6321950, jonas.svensson@tagmaster.com

About TagMaster

TagMaster is an application driven technology company that designs and markets advanced sensor systems and solutions based on radio, radar, vision and magnetic technology for demanding environments. Business areas include Traffic Solutions and Rail Solutions sold under the brands TagMaster, CitySync, Balogh, CA Traffic, Magsys, Hikob and Sensys Networks with innovative mobility solutions in order to increase efficiency, security, convenience and to decrease environmental impact within Smart Cities. TagMaster has subsidies in UK, France and US 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 Nasdaq First North Growth Market in Stockholm, Sweden. TagMasters certified advisor is Erik Penser Bank phone +4684638300, E-mail: certifiedadviser@penser.se www.tagmaster.com

TagMaster owned Balogh receives a further order on their new SIL 4 product platform

July 11, 2019

TagMaster owned Balogh receives a further order on their new SIL 4 product platform

 

Stockholm, July 11, 2019 – TagMaster, the leading supplier of advanced sensor systems for Smart Cities within Traffic and Rail, has, through its subsdiary Balogh SA, received an order for an American metro project.

 

Balogh is one of the real pioneers in the RFID technology and was founded in 1958. Balogh today has offices for development and production in Paris, in Toulouse and in Normandie and works within the two RFID segments Rail and Access/Security (Traffic).

The order comprises the new product range of MOS200/OMS201 (SIL4) products that have been finalized since TagMaster acquire the company. SIL4 (Safety Integrity Level) is the highest level of risk reduction that can be obtained through a Safety Instrumented Function/System.

Prior to this order Balogh have also begin deliveries of this product range to another American project and recently to a European project. This second American order gives a strong reference for future orders. The products will be delivered during first half of 2020 and the total order value is approximately € 300 000.The customer is a one of the major global actors in signaling systems.

”TagMaster has earlier expressed its enthusiasm for the Balogh acquisition and this orders confirms that our ambition that, together with Balogh, become a stronger supplier within Rail solutions is materializing. We together have a wider product offering and we will together become one of the leading actors in train signaling” says Jonas Svensson, CEO, TagMaster.

For further information please contact:

Jonas Svensson, CEO –  jonas.svensson@tagmaster.com

 

About TagMaster

TagMaster is an application driven technology company that designs and markets advanced sensor systems and solutions based on radio and vision technology (RFID, Radar and ANPR) for demanding environments. Business areas include Traffic Solutions and Rail Solutions sold under the brands TagMaster, CitySync, Balogh, CA Traffic, Magsys, Hikob and Sensys Networks 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 phone +4684638300, E-mail:certifiedadviser@penser.se www.tagmaster.com

TagMaster closes acquisition of Sensys Networks

June 14, 2019

TagMaster closes acquisition of Sensys Networks

 

 

Stockholm Sweden 14 June, 2019

TagMaster AB (publ) (“TagMaster”), a leading manufacturer and supplier of advanced sensor systems for Smart Cities, has completed the acquisition of Sensys Networks Inc (“Sensys Networks”). The acquisition was previously announced on May 3, 2019. The purchase price was USD 16 million on a debt and cash free basis with adjustment of net working capital as of the closing date against normalized net working capital.

Sensys Networks

Sensys Networks, established 2003, is a leading provider of advanced data solutions for Intelligent Transportation Systems (ITS). Sensys Networks offers a comprehensive wireless platform, addressing today’s most challenging traffic and parking data needs. This end-to-end solution, comprised of sensors, edge gateways and highly sophisticated data management software (SNAPS), has been deployed in hundreds of cities globally, addressing the growing need for data driven traffic and parking solutions.

Sensys Networks is headquartered in Berkeley, California, and is led by industry veterans who bring years of experience in wireless communications, carrier grade infrastructure, enterprise software and transportation management for the public sector.

Sales for 2018 was approx. USD 15 million with an EBITDA of approx. – USD 1.7 million. After cost reductions, implemented during January 2019, the EBITDA for Sensys Networks 2019 is expected to be positive.

Background and acquisition rationale

The past year confirms the validity of the TagMaster’s chosen strategy of focusing on growth within the Traffic Solutions business segment. While Rail projects demonstrate high profitability, the major growth is in Traffic Solutions. Cities and other densely-populated areas worldwide face challenges of rapid growth, rising populations, climate change, declining air quality and forced urban development, which places new demands on transportation systems. Meeting these challenges requires Smart City solutions that streamline traffic and transportation systems, making day-to-day life simpler, safer and more efficient.

Sensys Networks’ products are deployed as part of several ITS applications including Traffic Signal Control, Traveler Information Systems, Tolling and Road Pricing, Safety and Enforcement. The ITS market is estimated to be $66B globally by 2024[1], with growth driven largely by the increasing global demand for Smart City solutions.

”TagMaster is very excited about this important step in our growth strategy, as Sensys Networks makes us stronger in the ITS and Smart City markets. With the combined expertise of Sensys Networks and TagMaster, we have excellent revenue growth opportunities in both US and European markets” says Jonas Svensson, CEO, TagMaster.

Commenting on the acquisition, Amine Haoui, Sensys Networks CEO, said “We are 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.”

The combined company

Both Sensys Networks and TagMaster are leading technology providers in the Smart Cities sector, selling direct and through channel partners to end users such as authorities and road operators.

The acquisition provides the companies with an enhanced capacity for creating future products and solutions in the US and Europe, as well as a platform to deliver next-generation infrastructure to smartphone (“I2X”) applications for connected travelers and autonomous vehicles. I2X has significant market potential from agencies, OEMs, fleets and other smartphone enabled travelers.

The combined entity will have enhanced scale and reach with 2018 proforma revenue and EBITDA of SEK 326 million and SEK -2.7 million respectively. The EBITDA for 2019 is expected to be positive.

Financing

The acquisition was funded through a combination of debt facilities, an equity issue with preferential rights to existing shareholders and a directed equity issue with deviation from existing shareholders preferential rights. The debt facility amounted to USD 5,7 million and the remaining part of the purchase price was financed through the equity issues of approx. SEK 130 million.

Advisers

Cirio Advokatbyrå is legal adviser to TagMaster in connection with the acquisition and the equity financing, Mayer Brown LLP is legal advisor in connection with the acquisition and Redeye AB is acting financial advisor in connection with the equity financing.

For further information please contact:

Jonas Svensson, CEO, +46 8-6321950, jonas.svensson@tagmaster.com

About TagMaster

TagMaster is an application driven technology company that designs and markets advanced sensor systems and solutions based on radio and vision technology (RFID, Radar and 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 phone +4684638300, E-mail: certifiedadviser@penser.se
www.tagmaster.com

TagMaster acquires Sensys Networks in the US

May 03, 2019

TagMaster acquires Sensys Networks in the US

 

Press release, Stockholm, Sweden, May 3, 2019

 

TagMaster AB (publ) (“TagMaster”), a leading supplier of advanced sensor systems for Smart Cities within Traffic and Rail, has signed an agreement to acquire Sensys Networks Inc. (“Sensys Networks”). The purchase price is USD 16 million on a debt free, cash free basis, with an adjustment of net working capital as of the closing date against a normalized net working capital.

 

Sensys Networks

Sensys Networks, established 2003, is a leading provider of advanced data solutions for Intelligent Transportation Systems (ITS). Sensys Networks offers a comprehensive wireless platform, addressing today’s most challenging traffic and parking data needs. This end-to-end solution, comprised of sensors, edge gateways and highly sophisticated data management software (SNAPS), has been deployed in hundreds of cities globally, addressing the growing need for data driven traffic and parking solutions.

Sensys Networks is headquartered in Berkeley, California, and is led by industry veterans who bring years of experience in wireless communications, carrier grade infrastructure, enterprise software and transportation management for the public sector.

Sales for 2018 was approx. USD 15 million with an EBITDA of approx. – USD 1.7 million. After cost reductions, implemented during January 2019, the EBITDA for Sensys Networks 2019 is expected to be positive.

Background and acquisition rationale

The past year confirms the validity of the TagMaster’s chosen strategy of focusing on growth within the Traffic Solutions business segment. While Rail projects demonstrate high profitability, the major growth is in Traffic Solutions. Cities and other densely-populated areas worldwide face challenges of rapid growth, rising populations, climate change, declining air quality and forced urban development, which places new demands on transportation systems. Meeting these challenges requires Smart City solutions that streamline traffic and transportation systems, making day-to-day life simpler, safer and more efficient.

Sensys Networks’ products are deployed as part of several ITS applications including Traffic Signal Control, Traveler Information Systems, Tolling and Road Pricing, Safety and Enforcement. The ITS market is estimated to be $66B globally by 2024[1], with growth driven largely by the increasing global demand for Smart City solutions.

”TagMaster is very excited about this important step in our growth strategy, as Sensys Networks makes us stronger in the ITS and Smart City markets. With the combined expertise of Sensys Networks and TagMaster, we have excellent revenue growth opportunities in both US and European markets” says Jonas Svensson, CEO, TagMaster.

Commenting on the acquisition, Amine Haoui, Sensys Networks CEO, said “We are 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.”

The combined company

Both Sensys Networks and TagMaster are leading technology providers in the Smart Cities sector, selling direct and through channel partners to end users such as authorities and road operators.

The acquisition provides the companies with an enhanced capacity for creating future products and solutions in the US and Europe, as well as a platform to deliver next-generation infrastructure to smartphone (“I2X”) applications for connected travelers and autonomous vehicles. I2X has significant market potential from agencies, OEMs, fleets and other smartphone enabled travelers.

The combined entity will have enhanced scale and reach with 2018 proforma revenue and EBITDA of SEK 326 million and SEK -2.7 million respectively. The EBITDA for 2019 is expected to be positive.

Financing

The acquisition will be funded through a combination of new debt facilities, an equity issue with preferential rights to existing shareholders and a directed equity issue to new qualified shareholders with deviation from existing shareholders preferential rights. Approx. SEK 55 million in new debt financing has been secured. The equity issue with preferential rights to existing shareholders and the directed equity issue are expected to amount to approx. SEK 130 million. A smaller part of the financing will be used as working capital post acquisition.

The board of directors intends to decide upon the equity share issues, with and without deviation from the existing shareholders preferential rights, as soon as possible and in connection with that such resolutions will be publicly disclosed.

The acquisition is conditional upon financing and customary closing conditions and is expected to close during the second quarter of 2019.

Advisers

Cirio Advokatbyrå is legal adviser to TagMaster in connection with the acquisition and the equity financing, Mayer Brown LLP is legal advisor in connection with the acquisition and Redeye AB is acting financial advisor in connection with the equity financing.

For further information please contact:

Jonas Svensson, CEO, +46 8-6321950, jonas.svensson@tagmaster.com

This information is information that TagMaster AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 9.20 on May 3, 2019.

About TagMaster

TagMaster is an application driven technology company that designs and markets advanced sensor systems and solutions based on radio and vision technology (RFID, Radar and 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 phone +4684638300, E-mail: certifiedadviser@penser.se

www.tagmaster.com

TagMaster receives four new orders for metro solutions

December 19, 2018

TagMaster receives four new orders for metro solutions

 

Press release, Stockholm, December 18, 2018

TagMaster, the leading supplier of advanced sensor systems for Smart Cities within Traffic and Rail solutions has received orders for four CBTC (communications-based train control) projects in Asia and South East Asia.

 

 

The orders comprises products used for train control i.e. the exact position of a train is known more accurately than with the traditional signaling systems. Using CBTC result in a more efficient and safe way to manage the metro traffic. The customer is an existing client, big global actor in signaling systems, and two of the projects is for the Chinese market.

These products are part of the standard assortment within TagMaster, but as often are adapted (NRE) for different projects and different customers. The total order value is around € 1 million and deliveries will take place during 2019 and 2020.

“TagMaster has earlier expressed the ambition to become a stronger supplier within Rail Solutions. With our wider product offering, together with Balogh, we feel confident become one of the leading actors in trail signaling and we will be able to take on more and bigger projects” says Jonas Svensson, CEO, TagMaster.

For more information, please contact;
Jonas Svensson, CEO
Phone; +46 8-6321950
E-mail: jonas.svensson@tagmaster.com

About TagMaster

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. www.tagmaster.com

Traffic flow and Parking access control simplified by use of TagMaster ANPR cameras in 30 Norwegian airports

October 10, 2018

Traffic flow and Parking access control simplified by use of TagMaster ANPR cameras in 30 Norwegian airports

 

Press release, Stockholm, October 10, 2018

TagMaster, leading supplier of advanced sensor systems for Smart Cities, has delivered their CitySync ANPR cameras for use in 30 airports in Norway in cooperation with APCOA Parking Norway. Totally 400 ANPR cameras has been deployed in order to facilitate entry and exit of numerous parking facilities at the airports.

 

 

The cameras were installed as part of the APCOA CPMS (Car Park Management System) which is using ANPR cameras to identify vehicles entering and exiting the car parking facilities at the airports.

The goal with the project is to digitalize the traffic flow and parking at the airports. There are high demands on system functionality, as many of the airports are located at the coastline of Norway, with rough weather conditions and the North Sea almost hitting the runways. Projects cater for multifaceted solutions, with many different car parks used for several purposes and intricate demands.

“We are proud of having been chosen by APCOA as supplier for this new and exciting installation of our CitySync ANPR cameras. The use of ANPR technology for vehicle identification provides new and interesting features for the parking industry and we are happy to be part of this large and complex project” , says Jonas Svensson, CEO, TagMaster.

For further information please contact:

Jonas Svensson, CEO, +46 8-632 19 50, jonas.svensson@tagmaster.com

About APCOA PARKING Norway

APCOA Parking Norway is a full-service parking company that manages 1200 parking locations throughout the country together with approx. 350 skilled employees, passionate about parking. Our products are tailored to the individual customer and we have experience and knowledge in all sectors (airport, hospital, trade fair and conference centers, shopping malls, entry parking, hotels, city centers, on-street and off-street). We offer innovative, reliable, sustainable and secure parking solutions, supported by well trained personnel and unique technology. Customer service that is always open (24/7/365) and local knowledge is the heart of our service offerings. www.apcoa.no

About TagMaster

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 subsidiary CA Traffic receives extension order on Smart City solution

September 26, 2018

 

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, jonas.svensson@tagmaster.com

About TagMaster

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 acquires the French IoT specialist Hikob

August 31, 2018

 

TagMaster acquires the French IoT specialist Hikob

 

 

TagMaster, the leading supplier of advanced sensor systems for Smart Cities within traffic and rail solutions has acquired all the assets related to the sensor products from Hikob SA.

 

 

 

Hikob SA was established in 2011 and is one of the leading IoT/sensor companies in France with a strong foothold within parking, traffic and weather sensors. One strong application area is for electrical vehicle charging stations where they cooperate with the larger French system integrators within EV charging. Hikob is one of the pioneers within IoT in France and has regularly been on the list of the 100 most interesting industrial IoT companies (IoTone).

TagMaster will acquire all the assets related to Hikob sensor products, gateway systems, the data collection platform and the related R&D team, all based in Grenoble (France). TagMaster has created a new company in France which will take on the name Hikob and where all the assets will be deployed. The HIKOB technology engineering services business unit will remain autonomous and continue its development under the form a new company entitled Sequanta.

The consideration will be funded from the existing bank facilities and the acquisition is expected to be earnings enhancing to TagMaster in the first full financial year following the transaction. It is also a strategically important strengthening of the TagMaster Group in an area we believe will be very important within a few years.

”TagMaster is excited about this important step in our growth strategy and we will together with the Hikob team become a stronger player in the Parking & Traffic solutions market and continue to establish ourselves as an important player in Smart City solutions. There are clear and immediate synergies between Hikob and CA Traffic and Magsys. With the combined expertise we believe we have an excellent opportunity to become one of the main players in the fast growing ITS market in France, UK and Nordic (our home markets). ” says Jonas Svensson, CEO, TagMaster

For more information, please contact;
Jonas Svensson, CEO
E-mail: jonas.svensson@tagmaster.com

 

About TagMaster

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 and Magsys 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. www.tagmaster.com

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