The Traffic Group acquires market-leading ANPR specialist MAV Systems
AGD Systems is pleased to announce that its parent company, The Traffic Group Limited (TTG) – formerly AGD Group Limited – has acquired MAV Systems Limited (MAV) as part of its ambitious plans for growth.
MAV is one of the world’s foremost suppliers of Automatic Number Plate Recognition (ANPR) cameras. It employs 21 staff based in Eynsford, Kent, and also has a sales office in Sutton Coldfield. MAV designs and manufactures its products in-house and has a customer base that is complementary to AGD’s. MAV will continue to operate as a stand-alone business under its existing management.
AGD Systems is already working with MAV supplying radar products to work alongside MAV’s IQ range of intelligent ANPR cameras, and the two companies are currently collaborating on a number of other synergistic systems. The acquisition will bring a more extensive range of traffic solutions under one banner.
MAV has achieved excellent growth within the ITS, parking, policing and enforcement markets in the UK and internationally. Combining the intentional sales channels of MAV with those of TTG’s existing businesses will create significantly enhanced opportunities for new overseas sales.
Steve Walker, co-founder and managing director of MAV, commented: “In joining forces with TTG we are already seeing opportunities to develop enhanced products for all our customers beyond those we originally foresaw. The depth of technical and market expertise we now jointly possess is truly world-class and inspirational.”
Mike Hutchinson, chairman of The Traffic Group, added: “This acquisition comes at a very exciting time for us, with the formation of TTG to steer a group of strong companies – each a leader in its field – into a new phase of growth and expansion, with a product range that increasingly addresses the wider needs of the traffic market.”