Verra Acquires Redflex, Creating Traffic Enforcement Giant

Verra Mobility has officially acquired Redflex, creating what the companies describe as the largest automated transportation enforcement business in the U.S.

The deal, valued at $152.5 million Australian — about $114 million U.S. dollars — brings together two major players in red light camera enforcement, a controversial technology for several reasons. Both companies, however, sell much more: Their software and hardware capture traffic speed data, process tolls and even handle vehicle titling and registration.

Both have a large global footprint with a particular concentration in the U.S. Redflex’s revenue in 2020 was about $71.8 million, while Verra’s was about $394 million.

"Bringing together these two companies will result in increased resources, scale and enhanced technology capabilities,” said Verra Mobility CEO David Roberts. “The combination will enable global delivery of leading road safety products and services, allowing us to compete internationally as a global leader in smart transportation."

The merger will de-list Redflex from the Australian Securities Exchange, since it’s no longer an independent company.