Siemens acquires Republic ITS

Siemens Industry has signed an agreement to acquire 100 per cent of the stock of Republic Intelligent Transportation Services, headquartered in Novato, California.
March 2, 2012 Read time: 2 mins

189 Siemens Industry has signed an agreement to acquire 100 per cent of the stock of 3541 Republic Intelligent Transportation Services, headquartered in Novato, California. The company, which will be named Republic ITS, a Siemens Company, will become part of the Complete Transportation business of the Mobility Division of Siemens Industry, and be closely aligned with its ITS Solutions business.

With the completion of this purchase, Siemens says it is making a commitment to strengthen its position in the transportation solutions, service and maintenance business. Republic ITS will continue to operate from its Novato headquarters. It employs approximately 300 people, who will be integrated into the Siemens business structure.

Established in 1991, Republic specialises in intelligent transportation services including maintenance, testing, repair, and replacement of traffic signals, streetlights, digital cellular technology upgrades, call boxes, spread spectrum radio, side fired radar, CMS/DMS signs, weigh-in motion stations, ATMS and energy efficiency upgrades such as LED retrofits of traffic signals and streetlights.

"The acquisition of Republic will allow Siemens to expand its reach in the traffic solutions and services business," said Oliver Hauck, president, Mobility division, Siemens Industry. "Ever-increasing demand for solutions to improve the sustainability of cities and ease congestion makes this acquisition even more critical. Republic is renowned for its superior service and maintenance capabilities for the traffic solutions industry. A combined portfolio of Siemens' products and solutions and Republic's services and maintenance represents a unique and complementary offering to our customers."

UTC

Related Content

  • January 27, 2012
    Schneider Electric to acquire Telvent for $2 billion
    Schneider Electric has signed a definitive agreement with Telvent GIT to make a cash tender offer for all of Telvent's shares at a price of $40 per share, which represents a premium of 36% to Telvent's average share price over the last 3 months.
    Read More
  • July 2, 2015
    Siemens acquires UK enforcement provider Zenco Systems
    Intelligent traffic systems supplier Siemens has acquired UK traffic enforcement organisation, Zenco Systems. The announcement underlines Siemens’ commitment to the growing traffic enforcement market and follows a number of successful joint technology projects between the two companies in the UK, including deployments in Manchester and London. Zenco Systems was founded in 2006 to provide local authorities with the ability to use CCTV video evidence to enforce traffic contraventions. Following the first d
    Read More
  • August 12, 2015
    Dynamic Message Signs : Don’t replace, refurbish and upgrade
    Refurbishing old dynamic message signs can save money and increase technical capabilities as David Crawford discovers. Evidence is growing on both sides of the Atlantic of the scope for retrofitting old or technically out-of-date dynamic message signs (DMS) with new electronic equipment, to save on the costs of installing full-scale replacements. In the last four months of 2014, a number of US states progressed programmes that achieved savings of more than US$1.75 million (€1.56million).
    Read More
  • September 30, 2021
    Swarco acquires Dynniq Mobility
    Swarco's Michael Schuch hails 'complementary footprint in terms of product portfolio'
    Read More

Highlighted Content