After ST Engineering announced the deal last October, there were quarter in the US who opposed the deal, citing security concerns.
Specifically, they suggested that data generated when drivers go through the toll gates operated using TransCore’s systems, might be a security risk, as the data might be shared with other parties.
The assertions had been denied by ST Engineering.
ST Engineering is no stranger to making acquisitions in the US. It had previously obtained CFIUS approvals for all 11 of its past deals in the US where such clearances had been sought.
See also: Keppel divests all its 29.52% stake in Keppel Philippines Holdings for $10.8 mil
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Photo: TransCore / ST Engineering
