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

  • March 15, 2019
    Cost Benefit: Utah traffic light scheme pays dividends
    A traffic signal control scheme in Utah is being taken up by other US authorities. David Crawford finds out how the Beehive State is leading the way in DoT and driver savings Growing numbers of US state departments of transportation (DoTs) and their road users are gaining real financial benefits from an advanced approach to traffic signal monitoring recently developed in Utah. Central to the system is its use of automated traffic signal performance measures (ATSPM) technology, brought in to improve th
    Read More
  • December 21, 2017
    Nairobi looks to ITS to ease travel problems
    Shem Oirere looks at plans to tackle chronic congestion in the Kenyan capital. Traffic jams in the Kenyan capital, Nairobi, are estimated to cost the country $360 million a year in terms of lost man-hours, fuel and pollution. According to Wilfred Oginga, an engineer with the Kenya Urban Roads Authority (KURA), the congestion has been exacerbated by poor regulation and enforcement of traffic rules, absence of adequate traffic management systems and poor utilisation of existing road facilities.
    Read More
  • December 13, 2017
    FDOT coordinates with THEA on TAMPA connected vehicle pilot
    Florida Department of Transportation (FDOT) District 7 will provide over 40 video traffic detectors at 12 intersections to allow improved traffic signals to operate at Tampa’s Connected Vehicle Pilot. The project, launched by the Tampa-Hillsborough Expressway Authority (THEA), plans to use vehicle-to-infrastructure (V2I) communication to reduce travel times and make traffic flow smoother and safer in the region’s commercial business district (CBD).
    Read More
  • February 21, 2019
    DEC unveils smart cities incubator in Dallas
    The Dallas Entrepreneur Center Network (DEC) – backed by tech giants AT&T, Cisco and Microsoft - is launching an initiative to help regional companies and entrepreneurs develop urban technologies. The DEC says its Innov8te Smart Cities Incubator will support technologies which seek to improve mobility, citizen engagement, inclusion, infrastructure, governance and public health as well as public safety and sustainability. The incubator - located in the Dallas Innovation District and Smart Cities Livin
    Read More

Highlighted Content