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

  • Tracis acquires Datasys
    May 19, 2014
    A Manchester firm that specialises in software for the transport industry has been acquired by listed Leeds group Tracsis in a cash and shares deal worth US$7.5 million. Datasys, which employs 17 staff, provides rail management software systems, business applications and hosting services for the majority of the UK's train operating companies, such as First Group, Go-Ahead, Stagecoach, National Express, Arriva, and Virgin. Tracsis believes that the products, services and development capabilities of Da
    Read More
  • Iteris demonstrates advanced traffic monitoring
    August 11, 2014
    Iteris, specialist in traffic management solutions that measure, manage and inform, to guide better decision making, will use the ITS World Congress Detroit to highlight advanced applications for arterial and freeway performance monitoring; vehicle and bicycle detection; data analytics; systems integration; and traveller information. The company will have three kiosks, directly across from the Traffic Management Center, providing demonstrations of VantageNext, iPeMS as well as advanced traveller information
    Read More
  • Iteris launches VantageLive! to collect, process and analyse intersection data
    June 2, 2017
    The latest addition to Iteris’ Vantage roadway sensors product range is VantageLive! - a cloud-based transportation analytics service automatically collects and analyses vehicle, bicycle and pedestrian data on a continuous basis. It enables users to view intersection activity at any time from their existing Iteris detection infrastructure. By accessing Iteris Vantage platforms for intersection systems within an agency’s network, VantageLive! collects data for the cloud-based analytics engine to process. Mul
    Read More
  • Florida's high occupancy tolling success in reducing congestion
    July 18, 2012
    TransCore's David Sparks writes about the development of 95 Express, Florida Department of Transportation's new high-occupancy tolling facility. High-Occupancy Tolling (HOT) lanes are one of the most compelling uses of existing transportation infrastructure to expand capacity, particularly in major metropolitan areas which have limited right of way but need to relieve congestion. According to the Federal Highway Administration, while vehicle miles travelled have increased over 70 per cent in the past 20 yea
    Read More

Highlighted Content