Miovision completed the acquisition Global Traffic Technologies from Vontier for $107m.

Miovision, a traffic optimization company that provides data monitoring, collection, and analysis, completed the acquisition Global Traffic Technologies, a manufacturing of opticom priority control systems and Canoga traffic-sensing systems, from Vontier for $107m. “This transaction is another example of our continued commitment to transforming our portfolio, focused on delivering smart, sustainable solutions to lead the evolution of the mobility ecosystem, while driving top-tier financial performance for our shareholders. As part of our disciplined capital allocation approach, we expect to deploy the net proceeds toward future debt reduction and share repurchase,” Mark Morelli, Vontier President and CEO.