Brown Traffic Products acquires Siemens traffic signals

Iowa, US, based Brown Traffic Products is to acquire certain assets of the traffic signal and cabinet manufacturing business units operated by Siemens in Austin, Texas. Siemens will remain focused on its traffic management systems and controller business. Upon the close of the acquisition, the 82 employees of Siemens’ manufacturing units will be integrated into Brown Traffic Products. Brown will maintain the Austin facility along with the other Brown locations in the Midwest. Financial terms of the trans
October 7, 2013 Read time: 2 mins
Iowa, US, based Brown Traffic Products is to acquire certain assets of the traffic signal and cabinet manufacturing business units operated by 189 Siemens in Austin, Texas. Siemens will remain focused on its traffic management systems and controller business.

Upon the close of the acquisition, the 82 employees of Siemens’ manufacturing units will be integrated into Brown Traffic Products. Brown will maintain the Austin facility along with the other Brown locations in the Midwest. Financial terms of the transaction are undisclosed. The company is an ITS solutions provider and systems integrator of signalised intersections and networks of signalised intersections in the Midwest

“With this acquisition we are enhancing Brown Traffic’s manufacturing division allowing us to continue to produce state of the art traffic products utilised by municipalities at signalised intersections. In addition, this transaction allows Brown Traffic to expand its market across North America through a network of highly skilled dealerships.” said Jeff McAleer, VP of sales, Brown Traffic Products.
Urban Traffic Control

Related Content

  • Trimble to acquire PeopleNet
    April 19, 2012
    Trimble has signed an agreement to acquire privately-held PeopleNet, a leading provider of integrated onboard computing and mobile communications systems for fleet management. The transaction is expected to close in the third quarter of 2011.
    Read More
  • Tesla to acquire German engineering company
    November 10, 2016
    In a blog post, Tesla says it has entered into an agreement to acquire German engineering company Grohmann Engineering. Led by founder and CEO Klaus Grohmann, Grohmann Engineering is experienced in highly automated methods of manufacturing.
    Read More
  • Q-Free increases its stake in Intelight
    March 20, 2015
    Q-Free has increased its stake in US traffic controller supplier, Intelight, with a five year option program which will give shareholders the option to sell shares at closing in 2015 and in five subsequent years valid from 2016. The deal will give Q-Free the opportunity to add some 15 per cent of Intelight shares to its current 10.2 per cent shareholding each year. At end of the five year period, Q-Free has the option to acquire the rest of the shares. The first transaction will be closed during the second
    Read More
  • Eberle sold to private equity
    June 15, 2022
    Vance Street Capital continues ITS investment with traffic control systems manufacturer
    Read More

Highlighted Content