Cubic Corp. has acquired the assets of Lexis Systems, a Vancouver-based provider of revenue collection systems for parking and public transportation.
The acquisition includes intellectual property, technology, the complete product line and software suite, inventory and the Vancouver-based operations.
The assets from Lexis, together with the recently acquired Traf-Park, comprise a new business unit for Cubic Transportation Systems, called Cubic Parking Systems.
The company is a wholly owned subsidiary of Cubic Corp.
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