License plate reading and axle counting solution provider Tattile has announced the acquisition of Comark, an Italian manufacturer of laser-based volumetric vehicle measurement and classification products for tolling and free-flow tolling applications.
Tattile said the acquisition will enable it to further drive the optimisation of traffic flows by speeding up tolling processes – from reading a licence plate to counting axles and capturing the vehicle’s volume.
According to the company, these three pieces of information are crucial in determining the vehicle class and the total toll amount.
Corrado Franchi, CEO of Tattile, added: “The strong similarity in the founding values of both organisations, the same service orientation, and an almost overlapped customer portfolio, make the integration a natural step toward the generation of new high-performance and high-added value systems, based on the unlimited opportunities generated by AI.”
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Based in Udine, Italy, Comark has invests heavily in R&D, which accounts for 30% of its staff. It has established a strong international footprint, with 60% of its revenue coming from Europe, 15% in Asia Pacific and 25% from South America.
Federico Vincenzi, founder and owner of Comark, said, “We are motivated to be part of Tattile and TKH Group as we see it as a unique opportunity to ensure Comark’s solid growth in the international markets and a very innovative joint product development, finalised to exploit the best of both companies’ core competencies.”
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