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

  • Technavio names top 5 vendors in the global smart highway construction market 2017-2021
    May 26, 2017
    Technology research company Technavio has announced the top five leading vendors in their recent global smart highway construction market 2017-2021 report. This market research report also lists 14 other prominent vendors that are expected to impact the market during the forecast period. According to the report, the smart highway construction market will grow at an exponential rate and post a CAGR of almost 94 per cent by 2021. The vendors in this market can expect significant market growth in the coming ye
    Read More
  • The scourge of poor air quality and rising pollution levels and how they can be tackled
    December 20, 2021
    Arguably, air pollution is one of the greatest challenges facing our world today. It impacts people, economies and the environment. It is clear that policymakers must act swiftly to improve air quality. ITS has a huge role to play in providing solutions. Here, Swarco, as a solution provider, shares inside tips on how to use modern ITS to save lives, economies and the environment.
    Read More
  • A natural fit
    May 18, 2012
    Xerox Chairman and CEO Ursula Burns will deliver the keynote address at today’s opening plenary in Fort Washington. Two years after leading the company’s $6.4Bn acquisition of ACS, Burns provides some insights into Xerox’s expanding role in the transportation sector.
    Read More
  • BorgWarner to acquire Remy International
    July 15, 2015
    US automotive industry components and parts supplier BorgWarner is to acquire Remy International, a leading producer of rotating electrical components. With key technologies and operations in ten countries on five different continents, BorgWarner says Remy is strongly positioned to benefit from global growth. “We look forward to welcoming Remy’s talented employees to BorgWarner. Their products and capabilities will strengthen BorgWarner’s position in the rapidly developing powertrain electrification tre
    Read More

Highlighted Content