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 contract wins boost order backlog
    January 7, 2016
    Iteris has added approximately US$24 million in new signed contracts in the last three months, reaching a company record US$52 million in backlog for its transportation systems business division, representing an approximate 60 per cent increase from this point in time one year ago. These contracts broaden the firm’s transportation management and connectivity services providing additional software and hardware solutions; services include commercial vehicle operations (CVO), transit, performance monitoring, t
    Read More
  • Unifly acquires EuroUSC Italia for drone services
    May 12, 2025
    "Together we’re accelerating autonomous aviation," say companies
    Read More
  • Queensland extends emergency vehcile priority system
    December 18, 2014
    Following encouraging results from an initial small-scale trial of an emergency vehicle priority system in Queensland, Australia, the scheme is now being extended. In an emergency every second counts. Nowhere is this more graphically illustrated than by the survivability statistics for the time to cardiopulmonary resuscitation of pre-hospital cardiac arrest: at four minutes the survival rate is 22% but by 14 minutes the survival has dropped to 5% - as can be seen from the graph below. There is a similar tre
    Read More
  • UK start-up receives funding for artificial intelligence that could end traffic jams
    May 17, 2017
    UK start-up Vivacity Labs, creators of a sensor with in-built machine-learning that can identify individual road users and manage traffic accordingly has secured a total of US$3.8 million (£3 million) in funding, that could pave the way for driverless cars and truly smart cities that can recognise different vehicles and regulate traffic in real-time. The company has secured a US$2.2 million (£1.7 million) project grant from Innovate UK to roll out a city-wide sensor network for the VivaMK project and a str
    Read More

Highlighted Content