Cubic acquires Gridsmart to expand intelligent traffic management portfolio

Cubic has acquired US technology company Gridsmart Technologies in an $87 million deal and will use its video tracking solution to help reduce congestion.

Gridsmart’s Bell Camera offers horizon to horizon tracking with a fisheye lens for intersection actuation, data collection and situational awareness. The solution is also expected to track vehicle trajectory from approach through the centre of the intersection to exit.

The acquisition will also help advance Cubic’s NextCity vision of creating a smarter future in transportation.