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Hansen Information Technologies recently acquired Spear Technologies Inc., which provides asset management solutions for the public transit industry. Terms weren't disclosed.

Spear Technologies will become Hansen’s new Transit and Rail Business Unit and support its own dedicated global sales, product management, project delivery, application development and training resources.

“The addition of Spear to our portfolio expands Hansen’s ability to integrate, streamline and manage the design, permitting, construction, operation, maintenance, rehabilitation and revenue cycle of public sector assets,” said Hansen Chairman and Chief Executive Officer Chuck Hansen in a prepared statement.

Hansen provides software designed to help manage government transactions.