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

  • Iteris explores intelligent infrastructure 
    April 30, 2021
    Iteris and Continental will utilise automotive sensors and I2V connectivity
    Read More
  • Flagship French motorway inaugurated
    April 16, 2014
    The inauguration of the French Landes A63 motorway marked the culmination of 27 months of major works carried out adjacent to traffic by the economic interest group GIE A63. The road concessionaire, Atlandes, of which Egis is a shareholder, had awarded the construction contract to GIE A63, which then hired Egis for the turnkey integration of fixed and operational equipment and an 80 per cent share of the engineering, procurement and construction management. Atlandes also awarded Egis the subsequent operati
    Read More
  • Jenoptik acquires UK software company
    January 20, 2017
    The acquisition of Essa Technology extends the Group’s expertise in software for traffic enforcement and public safety & security. The Jenoptik Group has acquired UK company Essa Technology in a deal which the Group says will extend its expertise in software for traffic enforcement and public safety and security. Based in Plymouth, Essa Technology is a specialist in police automatic number plate recognition (ANPR) back office and traffic enforcement software. Its back office software allows for ANPR d
    Read More
  • Ukraine turns to ITS to cope with traffic increases
    June 9, 2015
    With increasing road fatalities the Ukrainian government is planning to introduce ITS technology in 2016-2017. Eugene Gerden finds out more. The government of Ukraine is considering a massive introduction of ITS in the national system of traffic during the period 2016-2017, according to a recent statement by the Ukrainian Ministry of Transport. According to the Ukrainian government, implementation of the project is an acute need, as in recent years the number of road accidents in Ukraine has significantly
    Read More

Highlighted Content