Cubic in talks to acquire Transport Solutions Business of Serco

Cubic Corporation announced it is in discussions to acquire Serco's Transport Solutions business, which provides Traffic Management Systems technology, Traffic and Road Enforcement and the maintenance of traffic signals, emergency equipment and other critical road and tunnel infrastructure. Cubic said it believes the business has excellent specialist knowledge and capability in the enforcement, road and traffic markets. Cubic and Serco have not entered a final and binding agreement, the company said. In the event that such an agreement is reached, it is Cubic's intention to integrate the business into its Transportation Systems division, it added.