GREEN LIGHT FOR THE TRAFFIC GROUP WITH LTM DESIGN ACQUISITION
LTM Design, a specialist provider of end-to-end traffic management solutions, has been sold to The Traffic Group (TTG).
LTM Design, a specialist provider of end-to-end traffic management solutions, has been sold to The Traffic Group (TTG) in a deal overseen by Charles Needham, KBS Corporate Deal Executive.
Founded in 2015, LTM, based in Leighton Buzzard, Bedfordshire, offers specialist project management services across the commercial and public sectors.
The business benefits from relationships with local authorities, traffic management groups, civil engineering firms and construction companies.
Commenting on LTM’s value, Charles Needham said: “The business has grown with the presence of continual, repeat custom and its ability to implement a successful referral scheme.
“LTM’s existing management team benefits from vast experience in the traffic management market and was key to driving interest in the opportunity.”
TTG, which formerly operated as AGD Group, has acquired LTM as part of its long-term strategy to address the wider needs of the traffic market.
Lee Philliskirk, managing director of LTM Design, said: “We saw the acquisition as an opportunity to evolve how LTM operates as a business, finding new ways to deliver traffic management while making use of the latest technology.
“We are excited by the prospect of supporting product development and sharing innovation with our combined customer base.”
Over recent years, TTG has developed a portfolio of businesses that are dedicated to designing solutions which create safer and more efficient traffic and transport environments.
Following the completion of the sale, LTM will operate alongside TTG’s growing group of traffic management and system companies, including AGD, MAV Systems and Traffic Group Signals.
Pete Hutchinson, TTG’s Managing Director, said: “With the addition of Lee and the team at LTM, we are committed to ensuring our customers exploit all the benefits of our new technology with greater levels of support.
“This collaboration represents a significant milestone in our journey to create safer, greener and more efficient traffic management systems.”
Charles Needham added: “I am satisfied we found a suitable buyer and negotiated a deal that will allow LTM to grow as part of a larger group.
“I wish LTM and TTG all the best in the future.”