Miovision announces sixth acquisition

Deal adds Kitchener company’s tech to 80,000 intersections

The Miovision traffic management platform now includes technology for vehicle-to-infrastructure communications with the acquisition of Traffic Technology Services.

The Kitchener-based company announced the acquisition Monday morning.

The price of the deal was not disclosed but it adds technology to the Miovision traffic management platform that provides drivers approaching intersections with a countdown of how long a light will stay red.

The information is shown on the vehicle’s display panel. It also recommends the best speeds for avoiding red lights along a route. That saves fuel and reduces greenhouse gas emissions.

With this acquisition, Miovision wants to expand the use vehicle-to-infrastructure communications. The technology can tell traffic managers how long vehicles are waiting at intersections, allowing them to adjust signal times for better traffic flow.

The same technology powers Audi Traffic Light Information, among the first commercially available vehicle-to-everything applications.

Miovision plans to expand production of that technology among auto-parts manufacturers so every brand can access vehicle-to-intersection communications.

Vehicle-to-intersection technology provides real-time data on speeds and congestion, and getting more brands equipped with it will provide insights for both drivers and traffic managers, says Miovision in a news release.

Miovision started in 2005 using cameras to count vehicles moving through intersections and has expanded to more than 400 employees in Canada, the U.S. and Europe. It has added signal control for emergency vehicles, accident-prediction analytics, data collection, signal performance and now vehicle-to-infrastructure communications to its platform.

This acquisition also adds 80,000 intersections to the Miovision traffic-management platform, bringing the total number of intersections to more than 170,000 around the world.

Export Development Canada helped with debt financing for the acquisition.

The deal adds technology to the Miovision traffic management platform that provides drivers approaching intersections with a countdown of how long a light will stay red