Redflex shareholders reject takeover bid

The directors of Redflex Holdings have announced the appointment of two new Australia-based non-executive directors, Paul Clark and John Murphy. Paul Clark previously held senior executive positions at PWC, EY, National Australia Bank, Bank West, Bank of New Zealand and HBOS Australia and is currently chairman of Melbourne Water, a director of the Victorian Water Industry Association and an advisory board member of Salta Properties, one of Australia's largest privately owned property companies. He has exten

Redflex Holdings has announced the appointment to the board of non-executive Director, Adam Gray, who is co-founder and managing partner of Coliseum Capital Management, an investment firm that focuses on long-term investments in both public and private companies. Prior to this, he had approximately twenty years of private equity and operating management experience. He is currently a director of New Flyer Industries and Uno Restaurant Holdings Corporation. Gray brings significant investment and operation

Redflex Traffic Systems has acquired SBL Investments, and Americore Enterprises, leading providers of automated school bus arm photo enforcement in the United States. SBL and Americore offer the Smart Bus system, a dedicated on‐bus photo enforcement system intended to ‘Protect Our Most Precious Cargo, our children’. The acquisition positions Redflex as a leading provider of school bus safety photo enforcement technology at a time when more and more school districts are using the technology to deter reckless

Deal is set to go through in May and will create 'enhanced global reach', says Verra