TagMaster completed the acquisition of Quercus Technologies.

TagMaster, a producer of advanced RFID products & ANPR cameras for long range vehicle identification in traffic and rail solutions, completed the acquisition of Quercus Technologies, a LPR cameras, vehicle detection technologies and camera-based parking guidance systems. Financial terms were not disclosed. ”This is a highly strategic acquisition for us. In addition to making us a leader in parking solutions as well as increasing our share of B2B business, it strengthens us technologically in AI and video analytics and opens new geographical markets. Quercus is strong in Germany, Spain, Australia with some business in the USA, while our main strengths lie in the USA, UK, and France. Together, we gain new abilities to sell our respective solutions in new markets and to offer a broader range of products and AI enabled solutions to our global customers,” Jonas Svensson, TagMaster CEO.