“The acquisition positions Redflex as a leading provider of school bus safety photo enforcement technology at a time when more and more school districts are using technology to deter reckless drivers who ignore school bus safety laws and put children at risk,” the statement says.
The first transaction is reportedly valued at $4.5 million, with more payments due over the next four years. Under the agreement, SBL and Americore will operate as separate entities with Redflex as owner.
“The acquisition of Smart Bus further solidifies our position in photo enforcement globally, and expands the opportunity to provide products and services into this emerging market.” Redflex plans to merge its recently introduced Redflex Student Guardian system with the Smart Bus system. According to Redflex, ten states, globally, allow the use of school bus arm enforcement technology and at least ten others are considering legislation to allow it.
Based in Melbourne, Redflex Traffic Systems is an Australian company formed in 1997 to provide digital imaging solutions for traffic enforcement and management. Redflex Holdings Limited Group is listed on the Australian Stock Exchange.