Austrian traffic technology company SWARCO has acquired Danish firm Technical Traffic Solutions (TTS) for an undisclosed amount.

TTS, which was previously owned by energy provider NRGi, is a major traffic control and intelligent transport systems company in the Danish traffic management market.

SWARCO NORDIC managing director Hans Petter Ødegaard sees the acquisition as an important step to consolidating and expanding the company’s leading position in Denmark and beyond.

He said, "With the acquisition of TTS we have reinforced our presence and prepared for further long-term growth in the Danish market.

"We have achieved a constant annual growth in the Nordic ITS market over the past ten years and are convinced that the acquisition of TTS will further contribute to this development."

NRGi managing director Søren Sørensen said that SWARCO is the ideal partner to further develop TTS.

"We have achieved a constant annual growth in the Nordic ITS market over the past ten years and are convinced that the acquisition of TTS will further contribute to this development."

"We are also looking forward to extending the cooperation with SWARCO in other areas, especially in combined projects and activities together with our daughter company EL:CON," added Sørensen.

Currently, TTS employs a staff of 35, with offices in Glostrup and Odense.

Following the transaction, the activities of TTS will be integrated with SWARCO’s operations in Denmark.

SWARCO DANMARK managing director Søren Kolding commented, "The acquisition will make us able to utilise the strengths of both companies and shape the new market leader in Denmark with a full range of advanced ITS solutions and services, based on innovation and dedicated customer focus."