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

  • Accelerator programme seeks UK start-ups to lead transport revolution
    September 7, 2017
    Start-up businesses with innovative solutions to transport challenges such as congestion, overcrowding, emissions and road safety, are being encouraged to apply for a unique new accelerator programme launched at Cenex-LCV. The Intelligent Mobility (IM) Accelerator, based in Milton Keynes, a partnership between Transport Systems Catapult and Wayra UK, part of Telefónica Open Future, is designed to attract disruptive start-ups with high-growth potential into the UK transport industry
    Read More
  • Ouster and Velodyne to merge
    November 9, 2022
    Lidar companies say they plan to 'unlock enormous synergies' with financial deal
    Read More
  • National truck tolling scheme compensates for transit traffic
    July 13, 2012
    Q-Free's Per Frederik Ecker talks about the Slovak Republic's new truck tolling system, which is intended to compensate for the large amounts of transit traffic which passes through the country. In January this year Q-Free, together with Siemens, was awarded the contract to deliver the new national truck tolling scheme in the Slovak Republic. This will be operated by Slovakia SkyToll on a 13-year concession and Q-Free is supplying the central tolling and enforcement system, together with a three-year servic
    Read More
  • Catapult to explore Brazil opportunities
    January 15, 2015
    The UK’s Transport Systems Catapult announced its first international partnership after signing a Memorandum of Understanding with Brazilian technology provider Gol Grupo. The two organisations will now explore areas of cooperation in technologies and services related to urban mobility and connected smart cities. “The Transport Systems Catapult was set up not only to champion the development of smarter transport systems for the UK, but also to promote UK expertise in Intelligent Mobility for overseas
    Read More

Highlighted Content