Transoft Acquires 30% of AMAG to Boost Road Safety Portfolio

advanced mobility analytics group platform

Image source: AMAG

Published on October 29, 2024

Transoft Solutions Inc., an expert in transportation engineering and operations software, acquired a 30% stake in Advanced Mobility Analytics Group (AMAG) from PPK Group Limited for AUD 2.7 million (approx EUR 1.62 million). AMAG, based in Brisbane, develops video-based analytics software to enhance traffic safety and road infrastructure management, leveraging cloud-based platforms for predictive analytics aligned with Vision Zero goals.

This acquisition expands Transoft’s portfolio by integrating AMAG’s SMART platform with Transoft’s existing TrafxSAFE product, creating a comprehensive solution that supports road safety across infrastructure development, from planning to operations. The Brisbane location will enhance Transoft’s presence in Australia and the Asia-Pacific, positioning the company to serve a growing market in road safety and traffic operations globally.

Share this news: