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

  • Growth of fleet management systems in Russia/CIS and Eastern Europe
    July 4, 2014
    According to a new research report from analyst firm Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in Russia/CIS and Eastern Europe was 2.9 million in the fourth quarter of 2013. Growing at a compound annual growth rate (CAGR) of 15.7 per cent, this number is expected to reach 5.9 million by 2018. The Russian market accounts for a significant share of the region’s total installed base. The top ten providers of fleet management solutions for commercial v
    Read More
  • Data exploits parking potential
    March 11, 2015
    David Crawford parallel parks with innovations in two continents. Surveys of US cities indicate that drivers searching for parking can account for up to 37% of all urban traffic congestion. A 2011 study by IBM of 20 cities around the world found that nearly six out of ten drivers had abandoned their search for a parking space at least once; while motorists generally spent on average 20 minutes looking for a sought-after spot.
    Read More
  • PTV owners buy majority stake in Econolite
    March 14, 2022
    Bridgepoint & Porsche Automobile Holdings buy most of Econolite for undisclosed sum
    Read More
  • Jenoptik sees value in international outlook
    June 13, 2024
    Technology is always changing in the traffic management sector. Tobias Deubel of Jenoptik talks to Adam Hill about the past, the future – and the importance of global partnerships
    Read More

Highlighted Content