Modaxo Acquires Brazilian Intelligent Mobility Provider Fiscaltech
The Modaxo Group has announced the acquisition of Fiscaltech, a Brazil-based provider specializing in intelligent transportation systems (ITS). The deal aims to strengthen Modaxo's traffic management capabilities and expand its operational footprint across Brazil and South America. Fiscaltech brings three decades of expertise in traffic control, automatic toll collection (Free Flow), and weigh-in-motion technologies. Its existing infrastructure manages over 4,000 lanes across 25 Brazilian states. Following the acquisition, Fiscaltech will continue to operate under its own brand, led by CEO Fernando Varella, with more than 250 employees joining Modaxo.
Topics: Expansion Intelligent Transportation Systems M&A Traffic Management