Safety21 Acquires Cross Control in Full

Safety21, an Italian software provider specializing in smart road and smart city solutions and majorly backed by Bregal Unternehmerkapital, has acquired 100% ownership of Cross Control. Cross Control, established in 2008, is an Italian company with a focus on image detection services, infraction validation, and enforcement management services related to road safety, primarily in Central Italy. The acquisition marks a continuation of Safety21's strategic growth through acquisitions by integrating the capabilities and territorial presence of Cross Control into its operations. Safety21's proprietary software platform, Titano, enables public administrations to leverage innovative services for digitizing infraction verification processes and providing citizen services with increased use of AI applications and data analysis for road safety management. Advisors for the transaction included Bernoni Grant Thornton, financial advisor team led by Alberto Alver among others, and legal advisors Orrick, Pirola Pennuto Zei, Studio Legale Sica, and Startax. Michele Bertola, director at BU, oversaw the transaction.