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Wednesday , 29 May 2024

Swarco acquires APT Group

Austrian traffic technology company Swarco has acquired the UK-based APT Group, creating a major traffic and parking management systems company in Europe.As per the terms of the acquisition, Swarco bought 100% of the shares of APT Group, which includes APT Security Systems, APT Skidata Ltd, APT Street Services, APT Technologies, SignPost Solutions and ParkingPal. The acquisition will also significantly upgrade Swarco’s position in the UK Traffic Management market.

 

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