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Mesa, Arizona., June 17, 2021 /PRNewswire/–Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobile technology solutions, today announced the completion of the acquisition of 100% of the issued share capital of Redflex Holdings Limited (ASX: RDF) at 0.96 per share Australian dollars, the total purchase price is 152.5 million Australian dollars.Before signing the agreement with Redflex January 2021.
David Roberts, CEO of Verra Mobility, said: “We are very excited about this acquisition. “Combining these two companies will increase resources, scale and technical capabilities. The merger will enable leading road safety products and services to be delivered globally, enabling us to compete internationally as a global leader in intelligent transportation. “
Redflex is merging with Verra Mobility’s government solutions business unit to enhance its product portfolio and technical capabilities, and expand its scale and global influence. Mark J TalbotServed as the CEO of Redflex, will lead the government solutions business and join the executive leadership team of Verra Mobility.
“Both teams are planning for integration quickly and thoughtfully. Overall, we hope to achieve approximately 8 million USD to 10 million USD in…
The full story on Benzinga.com
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