SRL Traffic Systems (Europe’s largest traffic light manufacturer and hirer) has recently been bought out by an investment company. There are hopes that this move will bring new technology that can help to improve safety on Britain’s roads.
3i Infrastructure, a London Stock Exchange-listed business, has obtained a 92% stake in SRL, cementing its position as a controlling shareholder. SRL has plans for growth following the deal, hoping to expand into new markets, as well as create fresh products.
SRL is already thought to be the UK and Ireland’s largest provider of temporary Intelligent Transport Systems (ITS), which provide innovative solutions for traffic management. The company states that the “narrowing of the technological divide between temporary and permanent technology” is at the core of its new developments.
The business has undergone various changes in the last few years, including a management buyout in 2019. Since then, a diverse range of products has been introduced to the market, such as a modern variable message sign (VMS) fleet, work-zone protection barriers, CCTV, and portable Urban Traffic Management and Control (UTMC) technology.
SRL is currently being led by CEO Adrian Murphy, who was a new addition to the company in April.
Speaking about the future of the business, Mr Murphy said: “SRL has achieved stunning growth since 2019, and the buyout will enable the company to continue along this trajectory, bringing industry-leading, innovative mobile ITS solutions for hire and sale to our expanding market, along with further developments to our renowned customer service offer.
“In the meantime, so far as our customers are concerned, on an operational level, it will be 100% business-as-usual.”