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Cubic Transportation Systems acquires NextBus

Cubic Transportation Systems, a business segment of San Diego-based Cubic Corp. (NYSE: CUB), announced it has acquired NextBus Inc., a provider of real-time transit passenger information systems with more than 100 transit agency deployments in the United States and Canada.

The acquisition of NextBus from Webtech Wireless Inc. was for a total consideration of CAD$20.75 million, subject to the terms of the purchase agreement.

Focused on the integration of payment and information technology and travel services, Cubic Transportation Systems said in a release that the acquisition is consistent with Cubic's vision and that it extends the company's portfolio of information-based solutions for its transit industry customers. It will also position NextBus to accelerate its growth by leveraging Cubic's global presence and customer base, the company added.

NextBus' customers include the major metro systems in Los Angeles, Toronto, San Francisco, Washington, D.C. and Boston, as well as smaller and mid-sized transit agencies, universities and colleges. The company is described by Cubic as a software-as-a-service solution that improves transit passengers' lives and makes travel experience better with accurate, real-time arrival information about buses, subways and trains.

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Cubic Corp.

Company Website

9333 Balboa Ave.
San Diego, CA 92123

Company Trade Data

Stock Symbol Close
Change
Chg %Chg
Volume
52-Week
High Low
CUB
43.25
  0.24  
+ 0.56%
96,581,000
55.73
39.83

Insider Trade Data

Date Insider Shares Type Value
08/07/2015 Zable, Walter C Jr 66,974 Sell $3,100,242
08/07/2015 Zable, Walter C Jr 66,974 Sell $3,100,242
06/24/2015 Zable, Walter C Jr 134,453 Sell $6,658,951
06/24/2015 Zable, Walter C Jr 134,453 Sell $6,658,951
06/24/2015 Zable, Walter C Jr 134,453 Sell $6,658,951

Cubic Corp. Executive(s):

Bradley Feldmann

  • Chief Operating Officer, President

John Thomas

  • Chief Financial Officer, Executive Vice President

James Edwards

  • Senior Vice President, General Counsel

Mark Harrison

  • Senior Vice President, Corporate Controller

Related Videos

Interview with Bradley Feldmann

July 29, 2015 -- George Chamberlin and Bradley Feldmann, president and CEO of Cubic Corp., talk about the many businesses Cubic is involved in, including defense and transportation.

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2014