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Quarterhill completes acquisition of Red Fox I.D. Limited to enhance its presence in the tolling industry

PUBLIC · QTRHFApr 08, 2024

Acquiring Company

Quarterhill

Acquired Company

Red Fox I.D. Limited

TorontoEast CambridgeshireSoftware

Description

Quarterhill Inc., a leading provider of tolling and enforcement solutions, has successfully completed the acquisition of Red Fox I.D. Limited, a provider of AVDC software to the tolling industry. This acquisition aligns with Quarterhill's strategic focus on technology as a differentiator in the market and is expected to contribute to its financial performance.

Quick answer

Quarterhill is acquiring Red Fox I.D. Limited, announced April 8, 2024. Quarterhill is based in Toronto, Ontario, Canada.

How much did Quarterhill pay for Red Fox I.D. Limited?
The deal value was not disclosed.
What does Quarterhill do?
Quarterhill is a growth-oriented company in the Intelligent Transportation System (ITS) industry as well as, through its Wi-LAN Inc. subsidiary, a leader in Intellectual Property licensing.
Where are Quarterhill and Red Fox I.D. Limited based?
Quarterhill is based in Toronto, Ontario, Canada. Red Fox I.D. Limited is based in East Cambridgeshire, England, United Kingdom.
Who are the decision-makers at Quarterhill?
Fundz holds 2 contacts at Quarterhill. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Quarterhill

Location

Toronto, Ontario, Canada

About

Quarterhill is a growth-oriented company in the Intelligent Transportation System (ITS) industry as well as, through its Wi-LAN Inc. subsidiary, a leader in Intellectual Property licensing. Our goal is to execute an investment strategy that capitalizes on attractive growth opportunities within ITS - and its adjacent markets - to become a global leader in that industry. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: www.quarterhill.com

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Frequently asked

Who acquired Red Fox I.D. Limited?

Red Fox I.D. Limited was acquired by Quarterhill, based in Toronto. The deal was reported on April 8, 2024. Quarterhill is a growth-oriented company in the Intelligent Transportation System (ITS) industry as well as, through its Wi-LAN Inc. subsidiary, a leader in Intellectual Property licensing. Quarterhill is publicly traded (QTRHF).

When did Quarterhill acquire Red Fox I.D. Limited?

Quarterhill's acquisition of Red Fox I.D. Limited was reported on April 8, 2024. Quarterhill Inc., a leading provider of tolling and enforcement solutions, has successfully completed the acquisition of Red Fox I.D. Limited, a provider of AVDC software to the tolling industry. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Red Fox I.D. Limited do?

Red Fox I.D. Limited is a profitable and growing provider of Automatic Vehicle Detection and Classification (AVDC) software to the tolling industry. It is privately held, operating in Software, and is based in East Cambridgeshire.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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