Petards acquires NASBox and associated Nexus software from Telematics Technologies
LONDON: Petards Group, developer of advanced security and surveillance systems, has acquired the intellectual property right, and related inventory of Nexus ANPR Smart Box (NASBox) and associated Nexus software from Telematics Technologies LLP for a maximum consideration of £1,049,000. The consideration comprises an initial amount of £79,000 satisfied in cash from Petards’ existing cash reserves,…