Miovision Acquires Global Traffic Technologies (GTT) from Vontier for $107M

April 17, 2023

Miovision has acquired Global Traffic Technologies (GTT) from Vontier Corporation for approximately US$107 million. The acquisition brings GTT's Opticom emergency pre-emption and traffic signal priority solutions onto Miovision’s AI-powered traffic platform, expanding Miovision’s capabilities and U.S. presence while integrating GTT staff into Miovision.

Buyers
Miovision
Targets
Global Traffic Technologies (GTT)
Sellers
Vontier Corporation
Industry
Transportation
Location
Minnesota, United States
Transaction Type
Buyout

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