The Traffic Group Limited (TTG), formerly known as AGD Group Limited, has publicised the acquisition of MAV Systems Limited (MAV). This acquisition aims to expand the range of traffic solutions provided by TTG as the two companies are traffic focused and both have innovative technical approaches and complementary customer bases to share.
MAV Systems is a renowned supplier of ANPR cameras. The company has grown from strength to strength with its ability to ability to meet specific partner requirements across various sectors. MAV has also achieved commendable growth within the ITS, parking, policing and enforcement markets – both in the UK and internationally. Therefore, MAV’s existing customer and partner base will also benefit from a wider product portfolio from other TTG companies as well as having the opportunity to cross-sell their unique market solutions into new regions.
Co-founder and managing director of MAV, Steve Walker, says: “In joining forces with TTG we are already seeing opportunities to develop enhanced products for all our customers beyond those we originally foresaw. The depth of technical and market experience we now jointly possess is truly world-class and inspirational.”
Likewise, chairman of The Traffic Group, Mike Hutchinson added: “This acquisition comes at a very exciting time for us, with the formation of TTG to steer a group of strong companies – each a leader in its field – into a new phase of growth and expansion, with a product range that increasingly addresses the wider needs of the traffic market.”
The Traffic Group Limited consists of various, privately owned companies. One of these companies, AGD Systems is already working with MAV. Together they are working in supplying radar products that work alongside MAV’s IQ range of intelligent ANPR cameras. Likewise, the two companies are collaborating on other synergistic solutions at the moment.