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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