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."
