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

  • Inrix aids authorities in dealing with data
    August 18, 2015
    New traffic data products and services have been launched to aid transport and urban planners and business with detailed intelligence on journey patterns, reports Jon Masters. Manual travel surveys ought soon to become a thing of the past for transport planners and the business community. The technology now exists for getting sophisticated levels of traffic and trip data from connected vehicles. Cars and commercial fleets carrying a GPS device, or a mobile phone or smartphone are the sources of the informat
    Read More
  • Commercial vehicle telematics market ‘to reach US$11.2 billion in 2014’
    January 20, 2014
    A new report from business information specialist Visiongain has assessed that the value of the global commercial vehicle telematics market will reach US$11.2 billion in 2014. Growth in this market is mainly driven by three factors. Firstly, increasing fuel prices accompanied by strong price competition in logistics create downward pressure on the profit margins of transportation companies and fleet operators and drive them to adopt telematics to sustain profitability and gain competitive advantage. S
    Read More
  • U-blox acquires Cognovo
    June 29, 2012
    Switzerland-headquartered U-blox, a specialist in positioning and wireless semiconductors, has acquired UK-based Cognovo, a company specialising in software defined modem (SDM) chip development technology. The acquisition extends U-blox’ chip design capabilities to create differentiated products for strategic markets that require 4G communications combined with global positioning.
    Read More
  • Swarco completes Lacroix traffic tech division acquisition
    January 21, 2025
    Austrian company gains bigger footprint in France and Spain through buy
    Read More

Highlighted Content