Stinson Owl-Lite and Stinson ITS acquired by Work Zone Safety Group of companies (WZSG)
by CM Staff
The companies will also collaborate to introduce digital traffic management services and a new focus on sustainable business practices to the Canadian market.
Left to Right: Jesus Munoz (Managing Director at Ramudden Inc), Morten Finslo (Chief Strategy and M&A Officer at Ramudden/WZSG), Peter Wehmeyer (President of Direct Traffic Management Inc.), James Delamere (President of Stinson Owl-Lite & Stinson ITS), Michael Costello (Chief Financial Officer at Stinson Owl-Lite). (CNW Group/Stinson Owl-Lite)
VAUGHAN — WZSG, a traffic and safety solutions specialist in Europe, through its Canadian subsidiary Ramudden Inc. has acquired 100% of the shares in Canadian Traffic Safety leaders Stinson Equipment Limited (Stinson Owl-Lite), Stinson ITS Inc., Direct Traffic Management, and Dynamic Traffic Control Services.
With the addition of these companies, WZSG becomes a significant participant in the Canadian traffic services industry and extends WZSG’s reach into the North American market. “We have been following the Canadian market closely for the past three years and are impressed with the focus on improved worker and passenger safety and digitalization. In addition, the combination of Stinson and Direct are perfectly aligned with our strategy of partnering with leading entrepreneurs with a passion for growing their companies while pushing our industry forward,” says Bora Gulan, CEO of WZSG.
“We have built our businesses by being focused on traffic safety innovation, and WZSG couldn’t be a better fit for us. We look forward to growing with our new team and bringing many fresh ideas and technologies to the Canadian traffic industry”, says James Delamere, President of Stinson Owl-Lite and Stinson ITS.
The Stinson and Direct companies will continue to operate independently under the WZSG umbrella to provide the same products and services. The companies will also collaborate to introduce digital traffic management services and a new focus on sustainable business practices to the Canadian market.
Work Zone Safety Group of companies (WZSG) operates traffic services companies in 12 countries.
Stinson Equipment Limited O/A Stinson Owl-Lite is a traffic safety sign and devices manufacturing and distribution company with a dedicated staff of over 90.
Stinson ITS Inc. is a traffic technology company based in Vaughan, Ontario, that distributes and integrates traffic management hardware and software solutions.
