Q-Free acquires TDC Systems and strengthens its ATMS business

Trondheim/Oslo, 27 March 2014: Q-Free ASA has signed a share purchase agreement for the acquisition of TDC Systems for an estimated cash and equity consideration of GBP 10 million dependent on future financial performance. This marks a clear strengthening of Q-Free’s position in the market for Advanced Transportation Management Systems (ATMS).TDC Systems comprises TDC Systems Ltd in the UK and its sister company TDC Systems Pty in Australia, both of which are 100 percent owned by Founder and Managing Director Mark Phillips. TDC Systems was established in 1998 in Weston-super-mare in