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.