Global technology company Neology has announced the acquisition of US infrastructure firm Shimmick’s transportation operations and management solutions (TOMS) business to augment its tolling operations capabilities.
The Sunrise, Florida-based division of Shimmick provides technology advisory as well as tolling operations programme management, fleet assessment, consultancy services and maintenance solutions to government agencies and transit businesses.
These capabilities will be combined with Neology’s end-to-end tolling systems integration and transportation technology, which includes roadside hardware and software as well as back office systems throughout the USA, Mexico, Europe, and Asia Pacific.
“The key to reimagining mobility in the tolling industry is to have the right talent, processes, and culture,” said Bradley H Feldmann, Neology chairman and CEO.
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“With the TOMS team, we are gaining talent, adding services capabilities, strengthening our processes, and enriching our culture to better serve our tolling customers and ultimately, help them better serve their customers.”
According to Shimmick, the sale of its TOMS division will enable the company to further focus its efforts on growing its core infrastructure business.
“This sale is an important step in our long-term strategy to focus our resources on core areas of our business in the water and transportation infrastructure markets where we see unprecedented potential for growth and innovation,” said Steve Richards, president and CEO of Shimmick.
Headquartered in Carlsbad, California, with manufacturing and operations facilities in the USA, UK and Mexico, Neology combines AI technology with tolling, automated vehicle classification, data processing and digital payment systems.
Neology was a thought-leader partner of this year’s Road User Charging Conference USA, which took place on April 26-27, 2023 at the Hyatt Regency in Miami, Florida.
There, Neil Jadhav, chief digital officer and general manager for Neology’s mobility platform, spoke about using RUC as a progressive environmental policy tool; harnessing user charges and the ‘polluter pays principle’ to reduce transport-sector emissions; and incentivising mobility behaviour change, via a presentation that looked at plans to introduce road pricing in Denmark.
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