M&A Deal Summary

Miovision Technologies Acquires Traffic Technology Services

On March 4, 2024, Miovision Technologies acquired information technology company Traffic Technology Services from Kapsch TrafficCom

Acquisition Highlights
  • This is Miovision Technologies’ 3rd transaction in the Information Technology sector.
  • This is Miovision Technologies’ 4th transaction in the United States.
  • This is Miovision Technologies’ 1st transaction in Oregon.

M&A Deal Summary

Date 2024-03-04
Target Traffic Technology Services
Sector Information Technology
Buyer(s) Miovision Technologies
Sellers(s) Kapsch TrafficCom
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

Miovision Technologies

Kitchener, Ontario, Canada

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 5 of 5
Sector (Information Technology) 3 of 3
Type (Divestiture) 2 of 2
State (Oregon) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS 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

Seller(S) 1

SELLER

Kapsch TrafficCom

Vienna, Austria

Category Company
Founded 1892
Sector Information Technology
Employees4,054
Revenue 539M EUR (2024)
DESCRIPTION

Kapsch TrafficCom is a provider of intelligent transportation systems (ITS) in the application fields of road user charging, urban access and parking, road safety enforcement, commercial vehicle operations, electronic vehicle registration, traffic management and V2X cooperative systems. Kapsch TrafficCom was incorporated in 1892 and is based in Vienna, Austria.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Oregon) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-12 eTrans Systems

Fairfax, Virginia, United States

eTrans2020, Inc. is a provider of connected and autonomous vehicle (CAV) solutions that provide the foundation for a wide range of safety and mobility applications. eTrans2020 is based in Fairfax, Virginia.

Buy -