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New Deal


Announced

Completed

Verra Mobility completed the acquisition of Redflex for $112m.

Financials

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Transaction Value£82m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.6x
EV/EBITDA9.16x
Share Price Premium-
One Off Charge-

Tags

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Technology Hardware

Acquisition

Single Bidder

Public

Computer Hardware

Friendly

Scheme

Majority

Australia

Domestic

Completed

Privatisation

Synopsis

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Verra Mobility, a provider of connected systems, completed the acquisition of Redflex, an intelligent traffic management products provider, for $112m. "Bringing together these two companies will result in increased resources, scale, and enhanced technology capabilities. The combination will enable global delivery of leading road safety products and services, allowing us to compete internationally as a global leader in smart transportation," David Roberts, Verra Mobility Chief Executive Officer.

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