US electronics and software specialist 5642 Trafficware Group has acquired 829 PSI Acquisition, an Oregon-based manufacturing company that specialises in intelligent traffic solutions.
PSI’s product line includes a variety of3879 Caltrans traffic control cabinets, controllers and conflict monitors, innovative power backup technology, and industry-leading cyberlock security access system.
“Trafficware is committed to bringing innovation and technology to the traffic industry, as well as a broad portfolio of products. Our goal is to equip our customers with the ability to solve the most complex traffic management problems, whether through organic product development, partnership, or acquisition,” said Jon Newhard, CEO of Trafficware. “The acquisition of PSI represents another step in this process by bringing quality Caltrans approved cabinets into the Trafficware family,” adds Newhard.
“We are pleased to have the PSI products in the hands of a great company like Trafficware, which has the infrastructure and scale to make the most of our innovations.” said Tim Hysell, CEO of PSI. “It also gives us comfort to have PSI’s customers serviced by a customer-centric company like Trafficware which has been known for its reliability, flexibility, and ability to solve complex traffic problems for decades. Our shared corporate values make this a great fit for everyone, most notably our customers.”
PSI’s product line includes a variety of
“Trafficware is committed to bringing innovation and technology to the traffic industry, as well as a broad portfolio of products. Our goal is to equip our customers with the ability to solve the most complex traffic management problems, whether through organic product development, partnership, or acquisition,” said Jon Newhard, CEO of Trafficware. “The acquisition of PSI represents another step in this process by bringing quality Caltrans approved cabinets into the Trafficware family,” adds Newhard.
“We are pleased to have the PSI products in the hands of a great company like Trafficware, which has the infrastructure and scale to make the most of our innovations.” said Tim Hysell, CEO of PSI. “It also gives us comfort to have PSI’s customers serviced by a customer-centric company like Trafficware which has been known for its reliability, flexibility, and ability to solve complex traffic problems for decades. Our shared corporate values make this a great fit for everyone, most notably our customers.”
