Negotiation techniques may have been used in Traffic Technologies business deal

Traffic Technologies has secured almost $1 million worth of business for its subsidiary Clearsonics.

Negotiation techniques may have been used by people working for Traffic Technologies in order to help the company secure just under $1 million (£637,000) worth of business.

CFO World reports that Clearsonics, a subsidiary of Traffic Technologies, won the rights to the contract to deploy 300 roadside telephones to be used in emergencies in Ireland.

As part of the agreement, support and backup services will be supplied, while the devices will be installed through a mixture of pedestal style and wall-mounted ways.

According to the news source, the company had devised a GSM-based phone that is solar powered, which can meet the demands of Ireland's National Roads Authority.

In addition, Clearsonics completed business negotiations with Northern Rail UK to provide 100 railway stations with emergency help phones.

Last week, Aggreko - the US temporary power and control company - acquired Northland Power Services - a supplier of energy solutions - for a maximum consideration of $26 million.