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

  • HNTB to lead the most ambitious US AET conversion programme
    July 26, 2012
    HNTB Corporation has been selected by the Pennsylvania Turnpike Commission to serve as programme manager to lead the potential implementation of a cashless, all-electronic toll (AET) collection system. The implementation of the new programme across the entire 885km (550 mile) Pennsylvania Turnpike system, which includes more than 70 toll plazas serving more than 186.5 million vehicles and generating more than US$700 million annually, is said to be the largest and most ambitious AET conversion in North Ameri
    Read More
  • Iteris launches computer vision for smarter crosswalks
    August 12, 2016
    Iteris has added new pedestrian measurement capabilities to its advanced video detection platforms with PedTrax, which it says automates measurement of the count, direction and speed of pedestrians in crosswalks to provide insights on levels of street life. PedTrax provides transportation professionals and officials with data on foot traffic volume, direction and speed to optimise intersection signal timing and inform proactive improvements to signage and striping, intersection design, overpass locations
    Read More
  • Iteris wins $4m Corona smart mobility deal
    May 5, 2025
    California city will use firm's traffic management solutions at 100 intersections
    Read More
  • Kapsch TrafficCom to acquire Schneider Electric transportation business
    December 14, 2015
    Kapsch TrafficCom has reached an agreement with Schneider Electric to acquire its global transportation business. Formerly operating as Telvent Tráfico y Transporte, the business offers an industry portfolio of integrated advanced traffic management software (ATMS) solutions for urban, highway and tunnel applications as well as tolling and transit solutions. This acquisition will enable Kapsch TrafficCom to offer its current and future customers around the globe an integrated portfolio of intelligent tr
    Read More

Highlighted Content