M&A Deal Summary

Miovision Technologies Acquires MicroTraffic

On February 28, 2023, Miovision Technologies acquired information technology company MicroTraffic

Acquisition Highlights
  • This is Miovision Technologies’ 1st transaction in the Information Technology sector.
  • This is Miovision Technologies’ 1st transaction in Canada.
  • This is Miovision Technologies’ 1st transaction in Manitoba.

M&A Deal Summary

Date 2023-02-28
Target MicroTraffic
Sector Information Technology
Buyer(s) Miovision Technologies
Deal Type Add-on Acquisition

Target

MicroTraffic

Winnipeg, Manitoba, Canada
website
MicroTraffic is a provider of microscopic traffic data for road safety engineers. MicroTraffic technology is based on computer vision, video analytics, machine learning, predictive modeling, and the safe systems philosophy. MicroTraffic was founded in 2017 and is based in Winnipeg, Manitoba.

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Buyer(S) 1

Buyer

Miovision Technologies

Kitchener, Ontario, Canada

website


Category Company
Founded 2005
Sector Technology Hardware
DESCRIPTION

Miovision Technologies Inc. produces disruptively innovative, low cost, automated road traffic data collection and analysis equipment for the $1 billion+ traffic light re-timing and optimization market. The optimization of traffic signal timing and traffic flow in congested cities has the potential to materially reduce vehicle idling time, fuel consumption and greenhouse gas emissions.


DEAL STATS #
Overall 3 of 5
Sector (Information Technology) 1 of 3
Type (Add-on Acquisition) 3 of 3
State (Manitoba) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-11 Rapid Flow

Pittsburgh, Pennsylvania, United States

Rapid Flow is a provider of adaptive traffic signal control, which uses real-time traffic data to optimize signal timing, adapting to real-world conditions. Rapid Flow was founded in 2006 and is based in Pittsburgh, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-17 Global Traffic Technologies

St. Paul, Minnesota, United States

Global Traffic Technologies is a provider of traffic management technology to provide solutions that are deployed in 60,000 intersections and 30,000 vehicles in more than 1,500 cities worldwide including every U.S. state. Global Traffic Technologies was formed in 2007 and is based in St. Paul, Minnesota.

Buy $107M