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SWARCO acquires Danish Technical Traffic Solutions A/S (TTS)

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29. April 2014

SWARCO, the market leader in the Nordic ITS market, has acquired the Danish company TTS effective 16 April 2014.

TTS, so far owned by energy provider NRGi, is one of the leading companies in the Danish market for traffic control and intelligent transport systems. Both parties agreed not to disclose the purchase price.

Hans Petter Ødegaard, Oslo-headquartered SWARCO NORDIC Managing Director, regards the acquisition as an important step to consolidating and expanding SWARCO’s leading position in Denmark and beyond. ”With the acquisition of TTS we have reinforced our presence and prepared for further long-term growth in the Danish market. We have achieved a constant annual growth in the Nordic ITS market over the past 10 years and are convinced that the acquisition of TTS will further contribute to this development”.

NRGi, owner of TTS since 2008, is happy with the choice of SWARCO as the new owner. ”We have looked for a strong partner capable of further developing the activities in TTS, and for us SWARCO is the best choice. We are also looking forward to extending the cooperation with SWARCO in other areas, especially in combined projects and activities together with our daughter company EL:CON”, says NRGi Managing Director Søren Sørensen.

TTS currently employs a staff of 35, with offices in Glostrup and Odense. SWARCO in Denmark employs 39 people with the main office in Skovlunde. The activities of TTS will be integrated with SWARCO’s operations in Denmark. SWARCO DANMARK Managing Director Søren Kolding looks forward to the new power arising from the complementary competence and customer base. ”The acquisition will make us able to utilize the strengths of both companies and shape the new market leader in Denmark with a full range of advanced ITS solutions and services, based on innovation and dedicated customer focus.”

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