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

Related Content

  • June 23, 2014
    ITS America, automakers respond to Rubio-Booker 5.9 GHz spectrum legislation
    The Intelligent Transportation Society of America (ITS America) and US automakers have responded to the announcement on legislation introduced by US Senators Marco Rubio and Cory Booker that would set deadlines on the Federal Communications Commission (FCC) for developing and publishing a test plan for the use of unlicensed devices in the 5.9 GHz band. The senators introduced S. 2505, the Wi-Fi Innovation Act, legislation to expand unlicensed spectrum use by requiring the Federal Communications Commissio
    Read More
  • April 28, 2017
    TagMaster acquires CA Traffic
    TagMaster, Swedish supplier of advanced RFID products and ANPR cameras for vehicle identification within traffic and rail solutions, has acquired CA Traffic from Hill & Smith Holdings for a total cash consideration of US$4 million (£3 million). Established in 1994, CA Traffic offers an array of sensor products, ITS software systems and high specification ANPR cameras in the UK. It has provided traffic monitoring devices to UK local authorities for 25 years and supplied intelligent ANPR camera systems to UK
    Read More
  • March 19, 2014
    Russia to get real-time traffic services
    Inrix and Audi are collaborating in a project to launch Russia’s first comprehensive traffic information and driver services platform. Developed through an exclusive partnership with Russia’s leading navigation services provider cdcom, Inrix XD Traffic provides drivers in Russia with real-time traffic and incident information covering more than 236,000 kilometers of roadways across 55 cities – the most comprehensive traffic information service available and the first traffic incident service of its kind
    Read More
  • May 17, 2012
    Cellcontrol targets international demand for distracted driving technology
    Cellcontrol, a specialist in technology to stop distracted driving, is actively addressing the growing domestic and international demand for reliable distracted driving technology by pursuing and receiving regulatory approval to market its solution in Europe and other geographies. After extended testing by independent organizations, Cellcontrol received the Vehicle Certification Agency (VCA) E11 Certification last week. This VCA certification is required for EU market participation and validates that Cellco
    Read More

Highlighted Content