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

  • Connected vehicles - potential to transform US transportation
    April 12, 2013
    There’s a new face in the driving seat at the US Department of Transport’s ITS Joint Program Office. Fortunately, as Robin Meczes finds out, he’s no learner driver… Ask Kenneth Leonard why he wanted his new job as director of the ITS Joint Program Office, and his answer comes back without a second’s delay. “The potential to save lives, reduce injuries and help people enjoy a more efficient transportation system is the kind of challenge that makes me want to come to work each morning,” he says. “In my opinio
    Read More
  • TransCore buyer focuses on smart mobility
    October 8, 2021
    New owner ST Engineering wants to be 'sustainable smart mobility market leader'
    Read More
  • Navigation mapping focuses on more detail, greater accuracy
    March 16, 2012
    Navteq’s business strategy is focusing on more more detail, greater accuracy and added value. Location data provider Navteq has done much to enhance its service offer in recent months, across consumer, commercial and government markets worldwide, and the company reports more to come. Interior destination maps, the most recent addition to Navteq’s pedestrian navigation portfolio, are now being considered for complex transport interchanges to give guidance to transferring passengers, particularly those with m
    Read More
  • Swarco acquires Irish-owned Elmore Group
    August 1, 2024
    Family firm, a long-term partner of Swarco, will now come under the group umbrella
    Read More

Highlighted Content