Q-Free acquires Traffic Design in Slovenia and strengthen its ATMS business

Trondheim/Oslo 23 April 2014: Q-Free ASA signed on 22 April a share purchase agreement for the acquisition of Traffic Design d.o.o. for a cash and equity consideration of EUR 2.3-3.6 million pending future financial performance. Traffic Design is the market leader in traffic management, parking systems and tolling in Slovenia. Following the recent acquisition of TDC Systems in the UK, the acquisition reflects a continuation of Q-Free’s strategy to strengthen its business within Advanced Transportation Management Systems (ATMS).Traffic Design d.o.o. was established in 1990 in Ljubljana, and