Q-FREE ACQUIRES TCS INTERNATIONAL INC. - US

Q-Free ASA has agreed to acquire 100 % of the shares of TCS International Inc. The company has 15 employees with offices in Boston, MA, US, and a subsidiary in Toronto, ON, Canada.TCS was established in 1999 and is an innovative company within Advanced Transportation Management Systems (ATMS), specialising in Parking Guidance and Management systems. - TCS is a market leader within parking guidance systems in the US and Canada, and as such will form a strong basis for further growth within the parking technology market, both inside and outside the North America. Furthermore this