Inrix seeks to acquire ITIS Holdings

Inrix, the international provider of real-time traffic information and connected driving services, has made an offer to acquire ITIS Holdings for US$59 million.
January 27, 2012 Read time: 1 min

163 Inrix, the international provider of real-time traffic information and connected driving services, has made an offer to acquire 745 ITIS Holdings for US$59 million.

Inrix says the proposed acquisition, which will significantly expand its business into Australia, Brazil, South Africa, Singapore and Russia, with enhanced coverage in the UK, would grow its business exponentially in several areas. “Automakers, mobile companies and other customers are increasingly demanding global traffic and connected driving solutions,” said Bryan Mistele, president and CEO of Inrix. “ITIS is a strategic investment that expands our geographic reach, technical expertise and suite of market-leading technologies to offer customers the best traffic information, more cost-effectively and in more markets.”

Pending approval by ITIS shareholders, the deal is expected to close in late August 2011.

Urban Traffic Control

For more information on companies in this article

Related Content

  • Cohda Wireless MK6 C-V2X RSU receives OmniAir certification
    July 16, 2024
    Product has already been given green light by CE in Europe as well as by US FCC
    Read More
  • ParkHub at heart of Spectra reopenings
    June 10, 2020
    Parking specialist offers touchless payment at North American venues
    Read More
  • Zipcar acquires leading Austrian car sharing service
    July 12, 2012
    Zipcar, which claims to be the world's leading car sharing network, has announced the acquisition of Denzel Mobility CarSharing in Austria, which operates under the name CarSharing.at. This transaction follows Zipcar's acquisition of a controlling interest in Barcelona-based Catalunya Carsharing, known as Avancar, in February 2012. The acquisition also comes on the heels of Zipcar's integration of Streetcar operations in the UK last year and the recent appointment of Frerk-Malte Feller as president of Zipca
    Read More
  • Mott MacDonald to acquire Habtec Engenharia Ambiental
    April 17, 2013
    Global engineering, management and development consultancy Mott MacDonald is to acquire Brazilian environmental engineering consultancy Habtec Engenharia Ambiental, as part of its strategy to create a regional base in Brazil from where it can expand across South America. Habtec has been operating principally in the energy, mining and transport sectors for over 20 years. The company’s project portfolio includes various environmental impact studies, compliance support, monitoring projects and environmental ed
    Read More

Highlighted Content