Verra Mobility Enters into Binding Agreement to Acquire Redflex Holdings Limited
MESA, Ariz., Jan.21, 2021 /PRNewswire/ --Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today announced it has entered into a binding agreement with Redflex Holdings Limited (ASX: RDF) to acquire 100% of the issued share capital of Redflex at a price of A$0.92 per share, representing a total acquisition price of A$146.1 million.
- MESA, Ariz., Jan.21, 2021 /PRNewswire/ --Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today announced it has entered into a binding agreement with Redflex Holdings Limited (ASX: RDF) to acquire 100% of the issued share capital of Redflex at a price of A$0.92 per share, representing a total acquisition price of A$146.1 million.
- "We are delighted at the prospect of welcoming the Redflex team and their customers to the Verra Mobility family," said David Roberts, Chief Executive Officer, Verra Mobility.
- Verra Mobility is committed to developing and using the latest in technology and data intelligence to help make transportation safer and easier.
- Redflex Holdings Limited was listed on the Australian Securities Exchange in January 1997.