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.

UTC

Related Content

  • August 18, 2015
    Florida DOT hosts annual transportation data symposium
    The second Annual Florida Transportation Data Symposium takes place on 18-20 August at the Omni Orlando at ChampionsGate. Hosted by the Florida Department of Transportation (FDOT) and the Florida Institute for Consulting Engineers (FICE), the Data Symposium aims to bring together public and private transportation data providers and users to share knowledge regarding data needs, availability and methods for sharing and integrating data to provide optimum value for FDOT, its partners and other customers.
    Read More
  • January 27, 2012
    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.
    Read More
  • January 9, 2013
    Eberle Design acquires Reno A&E, enhances product offering
    US-based designer and manufacturer of electronic components for traffic control systems, Eberle Design (EDI), has acquired Reno A&E (Reno) headquartered in Reno, Nevada. Reno specialises in the production of inductive loop vehicle detectors for the access and parking control, rail and traffic industries, as well as solid state load switches, power supplies, flashers and conflict monitors for the traffic industry. EDI says this highly complementary add-on enhances its product offering, provides greater indus
    Read More
  • February 28, 2013
    Iteris expands video detection range
    US–headquartered Iteris has increased its Vantage video detection product suite with two new products, SmartCycle and SmartSpan. SmartCycle accurately detects vehicles and cycles with a single video detection camera facing a dedicated approach. Transportation agencies can now benefit from cycle-specific virtual detection zones that can be placed anywhere within the approaching traffic lanes. “SmartCycle provides traffic engineers with a cost-effective way to bring their traffic management systems into comp
    Read More

Highlighted Content