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Traffic Technologies Ltd To Acquire Traffic Signals Business Of Saferoads Holdings Ltd
Traffic Technologies Ltd announced that it has entered into a conditional agreement to purchase the traffic signals business of Saferoads Holdings Ltd (ASX: SRH) for AUD 950,000. It is expected that completion will take place in November 2012. Structured as a purchase of business and assets, the Saferoads traffic signals business was formerly known as Bob Panich Consultancy and supplied the market for over 20 years.
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