Announced
Completed
Synopsis
Rekor Systems, a global AI technology company, completed acquisition of Southern Traffic Services, an intelligent infrastructure company. “Together, Rekor and STS can now deliver the most advanced offering of AI- and machine learning-based solutions to help the public and private sectors better manage traffic, enhance urban mobility, and increase public safety. With the passage of the Infrastructure Investment and Jobs Act of 2021, Rekor is well-positioned to take advantage of the increased demand for and investment in traffic data collection, analysis, and predictive insights,” Robert A. Berman, Rekor CEO and Chairman.
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