M&A Deal Summary

Almaviva Acquires Iteris

On August 9, 2024, Almaviva acquired technology hardware company Iteris for 335M USD

Acquisition Highlights
  • This is Almaviva’s 1st transaction in the Technology Hardware sector.
  • This is Almaviva’s largest (disclosed) transaction.
  • This is Almaviva’s 1st transaction in the United States.
  • This is Almaviva’s 1st transaction in Texas.

M&A Deal Summary
Date 2024-08-09
Target Iteris
Sector Technology Hardware
Buyer(s) Almaviva
Deal Type Add-on Acquisition
Deal Value 335M USD
Advisor(s) Morgan Stanley (Financial)
Latham & Watkins (Legal)

Target

Iteris

Austin, Texas, United States
Iteris is a provider in the traffic management market delivering total solutions for public and private sector clients in key markets worldwide. The company develops and applies advanced technologies to reduce traffic congestion and improve the safety of its surface transportation system. Iteris was founded in 1987 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

Almaviva

Rome, Italy
Category Company
Sector Information Technology
DESCRIPTION

Almaviva is a private Italian digital innovation group that designs, implements, and manages advanced technological solutions and systems and related logistics structures for companies and public administrations operating in a variety of sectors. Almaviva is based in Rome, Italy.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal