Rekor Systems Acquires Southern Traffic Services
July 11, 2022
Rekor Systems, Inc. (NASDAQ: REKR) has completed the acquisition of Southern Traffic Services (STS), combining STS’s 30+ years of traffic data collection and traffic engineering expertise with Rekor’s AI- and machine learning-driven roadway intelligence. The deal expands Rekor’s capabilities to deliver integrated traffic management, urban mobility, and public safety solutions, and STS co-founder Mark Knowles becomes a company shareholder.
- Buyers
- Rekor Systems, Inc.
- Targets
- Southern Traffic Services
- Industry
- Transportation
- Location
- Florida, United States
- Transaction Type
- Buyout
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