Modaxo's Strategic Acquisition of Fiscaltech Expands Traffic Management Solutions

Modaxo Welcomes Fiscaltech: A Transformative Acquisition

In a significant development within the tech industry, Modaxo Group has officially announced its acquisition of Fiscaltech, a Brazilian company known for its advanced intelligent mobility systems. This strategic move is part of Modaxo’s commitment to enhancing its traffic management offerings and expanding its presence in Brazil as well as across South America.

Fiscaltech, celebrating over 30 years in the industry, has established itself as a pioneer in intelligent transportation systems. The company has developed a diverse range of innovative products aimed at improving traffic management efficiency and safety. Their product line includes systems for fiscal control to ensure safe traffic operations, automatic toll collection with Fiscal Free Flow 100%, and precision weighing through HSWIM Fiscal. These offerings collectively manage an extensive network of over 4,000 lanes of traffic spread across 25 states in Brazil, demonstrating Fiscaltech’s vital role in connecting public science with the private sector’s infrastructure initiatives.

Rod Jones, Modaxo's Head for the Americas, Australia, and New Zealand, emphasized the importance of this acquisition for expanding their reach and service portfolio. He remarked, “Fiscaltech is a market leader, with an impressive portfolio of certified, cutting-edge solutions built over three decades. This acquisition broadens Modaxo's offer in traffic management and provides a solid platform to grow in Brazil and South America. We are proud to welcome Fiscaltech's talented team, their esteemed products, and dedicated customer base into the Modaxo family.”

Fernando Varella, who will continue to lead Fiscaltech as CEO, expressed excitement about the merger. He stated, “Joining Modaxo marks an exciting new chapter for Fiscaltech. We are truly impressed by Modaxo's commitment to long-term investment in the businesses they acquire, and we look forward to leveraging this partnership for better services and innovative solutions for our customers.” This collaboration is expected to cultivate new opportunities not only for the employees but also for clients looking for advancements in intelligent mobility systems.

With the integrated expertise of both companies, Modaxo aims to enhance its operational capabilities and commitment to road safety and efficient transportation across Latin America. As part of this transition, more than 250 employees from Fiscaltech will join the Modaxo team, reinforcing the workforce and expertise available to drive innovation further.

Reflecting on the future, Modaxo's approach is to maintain Fiscaltech's brand identity while utilizing its robust technical capabilities and market experience. Fiscaltech has long been engaged in deploying technology solutions aimed at improving road safety, enforcement, traffic monitoring, and infrastructure management tasks, catering largely to public authorities and operators responsible for urban and highway management.

This acquisition not only signifies a major step forward for Modaxo but also represents a pivotal moment for the technological landscape of transportation management in Brazil and beyond. The merger is poised to provide even greater operational efficacy and the much-needed integrated solutions that public and private sectors seek in the realm of traffic control and road safety.

Modaxo, which thrives on its mission to revolutionize the movement of people worldwide, remains dedicated to fostering collaboration and innovation through its expansive network of companies. This partnership with Fiscaltech serves as a testament to their ongoing commitment to improve how individuals connect with essential services and destinations critical to their daily lives.

For further information about Modaxo and its initiatives, please visit their website at Modaxo.com.