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Tag Archives: GRIDSMART

Cubic Acquires GRIDSMART for $87M, Expands Intelligent Traffic Management Offering

San Diego, Calif.-based Cubic Corporation announced its acquisition of GRIDSMART Technologies, Inc. on Wednesday for $87M in cash, subject to customary adjustments. In 2019, GRIDSMART anticipates $25M in sales and $8M of adjusted EBITDA. Cubic expects to finance the acquisition through its existing credit facilities and predicts the transaction will be accretive to cash …

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