China TransInfo, a leading provider of public transportation information systems technology and comprehensive solutions in the People’s Republic of China, has announced that it expanded further into the transportation systems market in China through an indirect investment in Beijing UNISITS.
Established in 2002 and headquartered in Beijing, UNISITS is a leader in China’s intelligent transportation systems industry. UNISITS primarily provides traffic engineering E&M systems for expressways in China. Presently, the company has penetrated over 20 provinces with an accumulated coverage of over 8,000 kilometers of expressways in China.
Through its close cooperation with Tsinghua University, UNISITS has developed an expressway weigh-in-motion system and lighting control system, both of which have been widely applied in a number of provinces in China.
In addition, UNISITS provides intelligent transportation products and services to railways, and urban transportation markets. UNISITS has also developed a comprehensive nationwide service network to provide technical assistance for its products. In 2008, UNISITS generated approximately $32.2 million in revenue and $3.8 million in net income.