Traffic circles assets of ailing Transol
James Hall
Serial acquirer Traffic Technologies is a likely buyer of Transol Corp's assets after the collapsed speed-camera company's receiver announced it would be carved up.
Transol's receiver and manager, Anthony Sims of SimsPartners, said his firm had implemented an immediate cost-cutting drive at the embattled company since it entered receivership last Thursday but that it had insufficient revenue to pay its liabilities.
Loading...
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Companies
Fetching latest articles