Cubic, a technology provider of integrated solutions that increase situational understanding for transportation, completed its acquisition of Trafficware, a leading provider of intelligent traffic solutions for the transportation industry, from KRG Capital, a private equity firm focused on leveraged buyouts and more recently mezzanine capital, for $235m. “Trafficware’s intelligent, data-rich intersection management technology, combined with Cubic’s existing transportation capabilities, will enhance our ability to offer compelling solutions to reduce urban congestion. This technology-driven acquisition of a leader in the transportation industry fits perfectly with our strategy to lead next‐generation intelligent traffic solutions that enable smart cars through smart infrastructure. We welcome the Trafficware team to the Cubic family and are excited to add this growing intelligent transportation systems business to our portfolio.” Bradley H. Feldmann, Cubic Chairman, President, and Chief Executive Officer.