Teledata expands operations with key acquisition

Teledata World Services has signed a letter of intent to acquire all of the equity of Superior Traffic Controls, a developer and manufacturer of roadside safety and incident management products. The transaction will result in the majority shareholders of Superior becoming the majority shareholders of the Teledata and comes at the conclusion of a two-year search for a new business opportunity Teledata could merge with or acquire.
May 18, 2012 Read time: 1 min
RSS5634 Teledata World Services has signed a letter of intent to acquire all of the equity of 5632 Superior Traffic Controls, a developer and manufacturer of roadside safety and incident management products. The transaction will result in the majority shareholders of Superior becoming the majority shareholders of the Teledata and comes at the conclusion of a two-year search for a new business opportunity Teledata could merge with or acquire.

Superior's flagship product, The Kone General, is a patented portable device that automatically deploys the company’s also patented traffic safety cones (Safe "D-Ploy" Spring Cone) while the operator remains safely inside the attending vehicle.

For more information on companies in this article

Related Content

  • Hill & Smith expands range
    February 29, 2012
    Hill & Smith is buying Swedish firm ATA for SEK 100 million (£9.8 million).
    Read More
  • When the rain comes
    July 18, 2012
    Statistics show that wet weather and the dark is not the best mix for driving, but road markings offer a safety solution While good road markings are essential any time of the day, it is perhaps at night when roads are wet that they can offer extra guidance. Statistics are said to reveal that an estimated 50% of all accidents happen during the night when it rains but such conditions occur only 10% of the time and when there are usually less vehicles on the road. Indeed, at the 1st Road Marking Symposium hel
    Read More
  • Major gains in concrete plant technology
    June 28, 2013
    There is a great deal of innovation across the concrete plant, pump and truck mixer sector. Guy Woodford looks at what some of the sector’s biggest names are offering. CIFA managing director Davide Cipolla believes the Zoomlion-owned Italian firm has “not reached the limit” of what it can offer customers, thanks to a significant investment in research and development. Speaking about a US$2.57 million-a-year (€2million) R&D investment in CIFA and some Zoomlion products over the last five years Cipolla, who i
    Read More
  • Concrete testing - defining standards
    February 13, 2012
    Concrete is a versatile construction product, but it must be tested to make sure that it is fit for purpose
    Read More

Highlighted Content