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24 June 2019

Iteris to acquire traffic engineering company in Florida

First publishedon www.ITSInternational.com

Iteris is to acquire Albeck Gerken, a traffic operations engineering company in Florida, for a total of $10.7 million.

Iteris will use Albeck’s traffic management facility to develop its Intersection as a Service offering, which helps users monitor signalised operations to improve safety.

Aleck’s facility includes a traffic management centre, traffic operations lab and training centre, from its headquarters in Tampa, Florida.

Aside from Tampa, Albeck has a second office in Orlando as well as other offices in (Virginia) and Chadds Ford (Pennsylvania).

The proposed acquisition is expected to close on 2 July.

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