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

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.