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 sells its vehicle sensors business
    January 27, 2012
    Iteris has signed a definitive agreement to sell its vehicle sensors business to Bendix Commercial Vehicle Systems, a member of Knorr-Bremse Group. The sensors business encompasses a portfolio of vehicle active safety systems including lane departure warning, forward collision warning, and blind spot warning, as well as SafetyDirect software that analyses real-time driver performance. “The divestiture accomplishes two objectives,” said Abbas Mohaddes, president and CEO of Iteris. “It enables us to concentra
    Read More
  • Iteris’ Vantage Vector qualifies with TxDOT
    October 16, 2013
    Iteris’ vehicle detection camera, Vantage Vector, which combines video detection and microwave radar to offer a wide range of capabilities, has successfully completed a comprehensive qualification process with the Texas Department of Transportation (TxDOT).
    Read More
  • Queensland gets the message with ST Engineering
    August 29, 2024
    Train traveller information and passenger announcements enabled via Agil system
    Read More
  • Doha implements traffic control system
    November 21, 2012
    Expansion of ITS systems has accelerated in Qatar this year, with rapid deployment of a traffic control system in Doha. Less than 10 years from now an extensive system of ITS technology will be operating in Qatar, informing and directing users of the country’s roads. That can be stated with confidence for a number of reasons: the world’s richest country per capita will host the World Cup in 2022 and is understood to be planning to develop sophisticated systems of ITS for road safety and traffic managemen
    Read More

Highlighted Content