Bus

Cubic acquires Serco's Transport Solutions

Posted on November 27, 2013

Cubic Corp. completed the acquisition of Serco’s Transport Solutions business for an enterprise value of $70 million subject to adjustment as set forth in the purchase agreement. Cubic announced last June that it had entered into exclusive due diligence for the acquisition.

Serco’s Transport Solutions business will become a part of Cubic Transportation Systems, a leading integrator of payment and information technology and services for intelligent travel solutions. Serco’s Transport Solutions business is primarily a U.K.-based transport technology and services business and had revenues in the last calendar year of approximately $67 million.

For more than 20 years, Serco’s Transport Solutions business has specialized in the development and supply of complex traffic management systems for the monitoring and control of urban and intra-urban road networks, encompassing integrated traffic and incident management, decision support, bus tracking and passenger information through integrated user interfaces.

The business also provides safety camera and associated back office solutions as well as a complete capability for the installation and maintenance of intelligent transport systems and equipment, such as maintaining over a third of London’s traffic lights.

Serco Transport Solutions employs 253 people across the U.K. and three in Australia with offices in Stockton on Tees, Beckton (East London), Belfast, Birmingham and Cumbernauld, near Glasgow, Scotland, as well as in Sydney.

View comments or post a comment on this story. (0 Comments)

More News

Martha's Vineyard agency adds BYDs to fleet

The six-bus order was comprised of four BYD K9S 35-foot models and two K7 30-foot models.

Ballard-powered ENC fuel cell e-buses complete Altoona testing

Buses are now eligible for a $300,000 voucher incentive under the California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project.

Houston METRO adding 14 New Flyer 60-foot Xcelsiors

The New Flyer Xcelsior buses have been designed for a special BRT system that improves route capacity and schedule reliability.

Mass. city introduces elevated BRT platforms

New platforms and ramps installed at two bus stops in Everett Square will enable bus riders with wheelchairs, strollers, or carts to board the bus faster.

Proterra to power Alexander Dennis double deckers for Foothill Transit

This is North America's first electric double-deck bus order for a public transit agency. 

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close