News

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.

The Municipality of Sao Paulo in Brazil has upgraded its urban traffic control (UTC) systems to Siemens PC Scoot Split Cycle Offset Optimisation Technique).

Sirit Corporation, a Federal Signal company and a global provider of radio frequency identification (RFID) technology, has been awarded a contract by Washington State Department of Transportation (WSDOT) to supply its industry leading IDentity 5200 readers and tags for the SR 520 bridge in Seattle, as well as the existing SR 167 HOT lanes. The initial contract is valued at approximately US$2.8 million.

At the Detroit Auto Show 2011, Volvo Cars is spotlighting the important issue of electric car safety in an unusual, but distinctive way. On the company's stand there is a Volvo C30 Electric that has undergone a frontal collision test at 40 mph (64 km/h).

Telvent announced today a new working relationship with Peek Traffic Corporation that will allow traffic management operators to improve traffic flow and safety, as well as maximise resources.

Cobra Electronics, a manufacturer of GPS navigation systems for professional and recreational drivers, has announced that its 7750 Platinum GPS Navigation series has been won a CES Innovations 2011 Design and Engineering Award in the In-Vehicle Navigation/Telematics/ITS product category.

Iteris has signed a stock purchase agreement to acquire Meridian Environmental Technology, a privately-held company based in North Dakota.

Southwest Research Institute (SwRI) and India's Council of Scientific and Industrial Research (CSIR) have signed a three-year strategic alliance agreement in Pune, India, to cooperate in the development of novel technologies in fuels research and engine development projects.

U-blox has announced the immediate availability of an off-the-shelf reference design for the Brazilian stolen vehicle tracking (SVT) market.

There is an urgent need to align technology standards as cooperative ITS solutions become mainstream, says ITS Australia president Dr Norm Pidgeon

TRW Automotive Holdings has developed an advanced pedestrian protection system that uses up to three remote acceleration sensors (RAS) located in the front bumper area.

While suppliers of automatic number plate recognition (ANPR) in the UK endure a stagnant market and budget cuts, growth opportunities in the US continue to ramp up.

Allied Vision Technologies (AVT) has acquired 100% of the shares of the specialist infrared camera producer VDS Vosskühler, based in Osnabrück, Germany.

The city of Indianapolis has selected Affiliated Computer Services (ACS), a Xerox Company, to overhaul its public parking system.

Road toll system provider Kapsch TrafficCom is to raise production capacity at its factory in the Swedish town of Jönköping as a result of two orders which have a combined value of US$29.37million.