Safety21 S.p.A., participated by the private equity fund BU (Bregal Unternehmerkapital) Funds (“BU”), announces that it has finalized the acquisition of 100% of the capital of Velocar S.r.l., an Italian company that has been designing software and IoT for road safety for over twenty years.
Velocar develops highly innovative products and services for road safety and has a large installed base of detection devices and an operational and intervention capability widely spread throughout the country.
Safety21 acquires another player in the market and extends its proprietary offer based on the Titan software platform that allows it to provide the Public Administration with innovative services for the digitization of the processes of ascertaining violations and for services to citizens, through the use of the most advanced technologies and focusing on an increasing use of Artificial Intelligence applications and data analysis in the road safety management.
Read the press release with comments from Gianluca Longo, CEO and founder of Safety21.
