TagMaster acquires Quercus Technologies – an international supplier of digital solutions to the parking industry
TagMaster, a leading supplier of data solutions and advanced sensor systems for Smart Cities within Traffic and Rail, acquires 92,5 % of the shares of Quercus Technologies (Quercus). Quercus, designs and manufactures video based advanced digital solutions for the parking industries. The company is headquartered in Reus, Spain, and has installations in over 100 countries worldwide. Through the acquisition TagMaster significantly strengthens its offering for parking access, management, and security, and increases its sales to business customers (B2B) to complement its currently predominantly government business.
