M&A Deal Summary

Miovision Technologies Acquires Global Traffic Technologies

On April 17, 2023, Miovision Technologies acquired information technology company Global Traffic Technologies from Gilbarco for 107M USD

Acquisition Highlights
  • This is Miovision Technologies’ 2nd transaction in the Information Technology sector.
  • This is Miovision Technologies’ largest (disclosed) transaction.
  • This is Miovision Technologies’ 3rd transaction in the United States.
  • This is Miovision Technologies’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2023-04-17
Target Global Traffic Technologies
Sector Information Technology
Buyer(s) Miovision Technologies
Sellers(s) Gilbarco
Deal Type Divestiture
Deal Value 107M USD

Target

Global Traffic Technologies

St. Paul, Minnesota, United States
website
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.

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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 4 of 5
Sector (Information Technology) 2 of 3
Type (Divestiture) 1 of 2
State (Minnesota) 1 of 1
Country (United States) 3 of 4
Year (2023) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-28 MicroTraffic

Winnipeg, Manitoba, Canada

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-04 Traffic Technology Services

Beaverton, Oregon, United States

Traffic Technology Services is a technology company and information provider for connected vehicle applications. TTS' Personal Signal Assistant cloud-based solution, patented prediction process, industry standard definitions, and comprehensive deployment allows for immediate vehicle-to-infrastructure (V2I) integration and applications. Traffic Technology Services is based in Beaverton, Oregon.

Buy -

Seller(S) 1

SELLER

Gilbarco

Greensboro, North Carolina, United States

website

Category Company
Founded 1870
Sector Information Technology
DESCRIPTION

Gilbarco, Inc. (dba Gilbarco Veeder-Root) is a technology provider for retail and commercial fueling operations. They offer the broadest range of integrated solutions from the forecourt to the convenience store and head office.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-17 Orpak Systems

Bnei Brak, Israel

Orpak Systems Ltd. is a provider of comprehensive solutions to oil companies and commercial fleets thorough its hardware, software, and services enhance the entire retail fuel network and fleet management value chains, be it the single fuel transaction, retail network optimization or business analytics.

Buy -
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