Management & Operations

Cubic acquires Vancouver-based Lexis Systems

Posted on January 18, 2005

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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