Miovision acquires connected vehicle firm TTS

  • March 18, 2024
  • Steve Rogerson

Miovision, whose scalable intelligent transportation helps cities reduce traffic congestion while improving safety, has acquired fellow Canadian company Traffic Technology Services (TTS), a provider of connected vehicle technologies.

TTS provides the connection to traffic infrastructure that powers services such as Audi Traffic Light Information that helps vehicle operators identify optimum speeds to avoid red lights and reduce fuel consumption as well as allowing users to spend time more productively knowing when a red light will turn green.

TTS (www.traffictechservices.com), which is Miovision’s sixth acquisition, has agreements with 180 agencies, providing insights from 80,000 intersections, to power in-vehicle technology while providing traffic network data insights to traffic agencies.

“TTS is the pioneer in V2X services and, over the past ten years, this team has established relationships with public traffic agencies and traffic control companies around the world to make V2X a reality,” said Miovision CFO Joe Custer. “TTS’s patented technology is the only real-time situational awareness service directly available to drivers through the vehicle’s instrument panel offering a differentiated driver experience. TTS adds an exciting new dimension to Miovision and we look forward to scaling this critical service to all automotive OEMs and fleet operators across all signalised traffic intersections in Canada, USA, Europe and other places. Our intention is to save lives, reduce energy consumption and increase productivity across all vehicle fleets globally.”

Thomas Bauer, CEO of TTS, added: “Becoming part of Miovision immediately helps us expand the footprint and scope of our services. Miovision’s relationships with agencies – including transportation, emergency services and transit agencies – provide exciting new opportunities to deliver compelling connected vehicle applications and services.”

Miovision will continue to support in-car applications such as Audi Traffic Light Information (media.audiusa.com/en-us/releases/412), one of the first commercially available vehicle-to-everything (V2X) applications, while expanding what’s possible by providing richer data sets to support new in-car applications.

Miovision financed this acquisition in part thanks to debt financing provided by Export Development Canada (EDC).

“TTS’s V2X technology is a critical element in the future of intelligent traffic management, improving the overall experience and safety for the driver and municipalities around the world,” said Rami Gabriel, vice president at EDC (www.edc.ca). “This important acquisition immediately strengthens Miovision’s market and technical leadership in this space, enhancing the overall competitiveness of the company as it continues to grow. Miovision continues to take necessary steps to build-out its products and services providing communities all over the world with greener and safer roadways. With reduced traffic congestion, less vehicle emissions and now increased driver connectivity, Miovision is the future of global traffic management.”

TTS executives and team members will become Miovision employees responsible for continuing to support and develop TTS’s V2X. Included in the acquisition are TTS’s eleven patents, covering applications relevant to improving transit and emergency vehicle response as well as traffic signal optimisation. This acquisition expands Miovision’s presence to 80,000 TTS intersections, bringing the total number of intersections with Miovision to over 170,000.

Miovision will continue to support all agreements in place with TTS’s partners, including 180 agencies that provide the traffic signal data and receive insights about their traffic network, along with their technology partners and OEM customers such as the Volokswagen Group.

This is Miovision’s sixth acquisition in less than three years, following Traffop (signal performance measures), Rapid Flow (adaptive signal control), MicroTraffic (safety analytics), Global Traffic Technologies (traffic signal preemption and priority) and CJ Hensch (traffic data collection services).

Miovision (miovision.com) enables cities to reduce traffic congestion and vehicle emissions while improving public safety through scalable intelligent transportation. Its AI-powered platform helps communities improve traffic efficiency at the intersection and make roads safer for all types of road users – drivers, cyclists and pedestrians. Together, Miovision’s permanent and portable systems have detected more than 77 billion vehicles and three billion pedestrians and cyclists, providing accurate, actionable traffic data and insights that help make transportation safer and more efficient for all.

Miovision is headquartered in Kitchener, Canada, and has offices in Germany, Serbia and the USA. Since its start in 2005, Miovision has served nearly 2000 customers in 63 countries.