Today we welcome Yunex Traffic and its 3,000 people in our family, with the closing of the acquisition, following fulfilment of all the conditions precedent included in the share purchase agreement (SPA) we entered into with Siemens on 17 January of this year.
Yunex Traffic is the leading global provider of Intelligent Transport Systems (ITS) and Smart Mobility solutions, specialising in the development and supply of integrated hardware and software platforms and solutions for the operators of smart and sustainable mobility infrastructure serving urban and out-of-town areas. The company already operates in more than 600 cities, 40 countries and 4 continents (Europe, the Americas, Asia and Oceania). It has assembly plants and research and development centres located in Europe (with key presences in Germany and the UK) and the USA. The major cities that use Yunex Traffic systems include London, Dubai, Berlin and Bogotà, representing a track record of cutting-edge projects for improving traffic flow, improving air quality and boosting road safety, decongesting main roads and providing innovative services to improve the travel experience for end users.