Q-Free: Tolling ARR contracts in Norway - >30 MNOK
Vegamot AS, a Norwegian toll operator, has awarded Q-Free multiple contracts to design, deliver, and service tolling roadside equipment for tolling projects in Norway. The contracts will have a total value above 30 MNOK during the expected contract period. They are mainly structured as service deliveries and will generate annual recurring revenues. Deliveries will start in 2022. “Vegamot AS and Bompengeselskap Nord AS signed a frame agreement with Q-Free in October 2021, and have since then awarded contracts estimated to be worth more than 260 MNOK to Q-Free. Ålesund, Trondheim, and