Iteris to acquire traffic engineering company in Florida

Iteris is to acquire Albeck Gerken, a traffic operations engineering company in Florida, for a total of $10.7 million. Iteris will use Albeck’s traffic management facility to develop its Intersection as a Service offering, which helps users monitor signalised operations to improve safety. Aleck’s facility includes a traffic management centre, traffic operations lab and training centre, from its headquarters in Tampa, Florida. Aside from Tampa, Albeck has a second office in Orlando as well as other offic
June 24, 2019 Read time: 1 min

73 Iteris is to acquire Albeck Gerken, a traffic operations engineering company in Florida, for a total of $10.7 million.

Iteris will use Albeck’s traffic management facility to develop its Intersection as a Service offering, which helps users monitor signalised operations to improve safety.

Aleck’s facility includes a traffic management centre, traffic operations lab and training centre, from its headquarters in Tampa, Florida.

Aside from Tampa, Albeck has a second office in Orlando as well as other offices in (Virginia) and Chadds 278 Ford (Pennsylvania).

The proposed acquisition is expected to close on 2 July.

Urban Traffic Control

For more information on companies in this article

Related Content

  • ZF acquires braking control specialist Wabco
    April 9, 2019
    German technology group ZF Friedrichshafen is to acquire Wabco, a supplier of braking control systems for commercial vehicles. ZF says commercial vehicle braking solutions are central for the control of automated driving functions such as emergency braking manoeuvres of trucks and trailers. Wolf-Henning Scheider, CEO of ZF, says the deal will help “create a foundation” for the company to offer systems for automated mobility solutions for passengers and goods. ZF expects that automated driv
    Read More
  • Argentinian authority keeps a close eye passenger behaviour
    July 26, 2017
    An Argentinian authority is using night-time cameras to fight criminal activity aboard buses. Instances of crimes and violence (especially on city buses or at bus stations) have motivated the city of Rosario in Argentina to improve safety and security on the Urban Transportation System – or the TUP as it is known locally. As posting a police officer on each bus would be cost-prohibitive and uncomfortable for some passengers, security cameras are being fitted to each TUP bus. This solution entailed instal
    Read More
  • Open Roads Consulting to implement Next Generation ATMS
    November 1, 2012
    Open Roads Consulting, US provider of Intelligent Transportation Systems (ITS), has been selected by the Pennsylvania Department of Transportation (PennDOT) to design and implement the Next Generation Advanced Traffic Management System (Next Gen ATMS). The project includes design, development, implementation, testing, maintenance and support for a single statewide platform to promote coordinated traffic management and operations across the state. Open Roads will design and implement the Next Gen ATMS using
    Read More
  • Miovision partners with CT Group to distribute traffic signal platform across US
    February 8, 2019
    Traffic signal control specialist CT Group is to distribute Miovision’s TrafficLink ITS platformacross the US in a new partnership between the two companies. The exclusive deal will see CT selling the product in 31 states from Alaska to Wyoming. TrafficLink is a turnkey solution for remote traffic signal management, with managed cellular connection and tools for signal monitoring, video streaming, maintenance alerts and traffic data insights. “As more cities aim to become data-driven smart cities,
    Read More

Highlighted Content