Cubic Transportation Systems has announced its acquisition of NextBus Inc. from Webtech Wireless Inc. for a total consideration of $20.75 million (Cdn.), subject to the terms of the purchase agreement.

“Transit agencies and their communities worldwide are racing to utilize information more effectively—optimizing their resources and providing intelligent travel information to their riders,” said Steve Shewmaker, president, Cubic Transportation Systems. “Since 1996, NextBus has been a pioneer and a market and technology leader at the forefront of this trend. As part of the Cubic family, NextBus will have the additional resources and capabilities to expand more rapidly while adding further depth to our own NextCity vision, which emphasizes better utilization of information, wireless communications, and mobile devices as key technologies for the future of public transit.”

Michael Smith, general manager, NextBus, added: “Cubic’s global presence will enable NextBus to expand geographically and provide our clients with the next generation in advanced traveler information technologies.”