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Traffic circles assets of ailing Transol

James Hall

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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.

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    Original URL: https://www.afr.com/companies/traffic-circles-assets-of-ailing-transol-20050721-jkv1s