Edit

Columbia tech company Rekor Systems to acquire Southern Traffic Services for $14.5M

Clubs and Organizations

May 24, 2022


Rekor Systems Inc.plans to acquire Florida's Southern Traffic Services for up to $14.5 million, expanding its traffic analysis technology to the South. The acquisition would more than double Columbia-based Rekor’s (NASDAQ: REKR) coverage area by providing the company access to STS's network of traffic data collection sites. STS's existing sites gather information from 60,000 lanes

Read more at Baltimore Business Journal