Latest message from Planet VGCould have bought Rekor, Iteris, and ETC all for C$150 million?
Even at today's share prices Iteris and Rekor have market caps of, respectively, US$135 million and US$60 million.
With waiting and perfect timing Quarterhill MIGHT have been able to get ETC for less though even that is unclear given that Transcore was bought (by ST Engineering / Temasek) for a massive price (around US$3.2 billion) only a month later.
Not likely that ST Engineering is the only big company in the world that is willing to pay big bucks to quickly get a prominent position in ITS.
Now here's ETC at the centre of the industry with the interoperability contract (which many big companies wanted--IBM, Transcore, among others), leading technology, and a huge backlog.
Viewed from this perspective, common sense would suggest that Quarterhill is a buyout candidate. Maybe not right at this moment, when the market is going through convulsions and the company's quarterly numbers need to improve. But there's little reason to doubt that Quarterhill is being watched.