Cubic Enters into Exclusive Due Diligence for the Acquisition of the Transport Solutions Business of Serco

Cubic Enters into Exclusive Due Diligence for the Acquisition of the Transport
Solutions Business of Serco

Cubic Corporation is in discussions to acquire the Transport Solutions
business from Serco.

SAN DIEGO, Calif., June 7, 2013 (GLOBE NEWSWIRE) -- via PRWEB - Cubic
Corporation is in discussions to acquire the Transport Solutions business from
Serco.

Serco's Transport Solutions business is a provider of Traffic Management
Systems technology, Traffic and Road Enforcement and the maintenance of
traffic signals, emergency equipment and other critical road and tunnel
infrastructure. Cubic believes the business has excellent specialist knowledge
and capability in the enforcement, road and traffic markets. Transport
Solutions support customers such as Transport for London, the Highways Agency,
Transport Scotland, numerous Safety Camera Partnerships (SCPs) and Transport
for New South Wales.

Cubic and Serco have not entered a final and binding agreement. In the event
that such an agreement is reached, it is Cubic's intention to integrate the
business into its Transportation Systems division, a leading integrator of
technology and services for intelligent travel solutions.

About Cubic Corporation

Cubic Corporation is the parent company of three major business segments:
Defense Systems, Mission Support Services and Transportation Systems. Cubic
Defense Systems is a leading provider of realistic combat training systems and
defense electronics. Mission Support Services is a leading provider of
training, operations, maintenance, technical and other support services for
U.S. and allied nations.

Cubic® Transportation Systems, Inc., is a leading integrator of payment and
information technology and services for intelligent travel solutions. Cubic
delivers integrated solutions that help transport operators manage their
operations and services and give passengers choices in the smartest and
easiest ways to pay their fares. Cubic specializes in design, development,
manufacture, supply, installation, integration, services and information.
Services provided by Cubic include on-site management, central systems,
operations support, patron support, business support and field services.

Every year, nearly 7 billion rides are taken worldwide using Cubic payment and
information systems. Cubic has delivered over 400 projects in 40 major markets
on five continents. Active projects include London; Brisbane (Southeast
Queensland) region, Australia; New York/New Jersey region; Washington, D.C.
/Baltimore/Virginia region; Los Angeles region; San Diego region; San
Francisco region; Minneapolis/St. Paul; Chicago; Atlanta region; Miami (South
Florida) region; Vancouver and Edmonton, Canada; Sydney (New South Wales),
Australia; Germany; and Scandinavia.

For more information about Cubic, see the company's website at
http://www.cubic.com.

This article was originally distributed on PRWeb. For the original version
including any supplementary images or video, visit
http://www.prweb.com/releases/2013/6/prweb10810517.htm

CONTACT: Cubic Corporation
         Timothy Hill
         timothy.hill@cubic.com
         858-505-2430
 
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