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Announced

Completed

Miovision completed the acquisition of Rapid Flow.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Single Bidder

United States

signal control

IT Services: Other

Majority

Friendly

Private

Cross Border

Acquisition

Synopsis

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Miovision, a company that helps cities modernize their approach to traffic management, completed the acquisition of Rapid Flow, an adaptive traffic signal control provider. Financial terms were not disclosed. “We’re excited for Rapid Flow to join the Miovision team. Not only does this add an industry-leading adaptive control product to our existing platform capabilities, but also adds the passionate team of people who developed it to Miovision’s world-class engineering team," Kurtis McBride, Miovision CEO.

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