Shimmick has announced the sale of its Operations and Management Division to Neology, a global technology company headquartered in Carlsbad, Calif., that delivers state-of-the-art tolling, automated vehicle classification, data processing, and digital payment systems to help communities enhance mobility, increase sustainability, and improve safety. This strategic transaction allows Shimmick to further focus its efforts on growing its core infrastructure business while ensuring the continued success of its transportation O&M division under Neology’s ownership.
The division specializes in providing technology advisory, tolling operations, and maintenance solutions to government agencies and transit businesses, offering services such as tolling operations program management, fleet assessment, and consultancy services.
“This sale is an important step in our long-term strategy to focus our resources on core areas of our business in the water and transportation infrastructure markets where we see unprecedented potential for growth and innovation,” said Steve Richards, President & CEO of Shimmick. “We are delighted to see our transportation O&M division acquired by Neology, a company that will undoubtedly continue to provide outstanding results for our valued customers. Neology’s customer-centric culture assures us that they will uphold the high standards and commitment to excellence that our longstanding partners have come to expect.”