M&A Deal Summary

Iteris Acquires Albeck Gerken

On June 14, 2019, Iteris acquired engineering company Albeck Gerken for 11M USD

Acquisition Highlights
  • This is Iteris’ 1st transaction in the Engineering sector.
  • This is Iteris’ 2nd largest (disclosed) transaction.
  • This is Iteris’ 1st transaction in the United States.
  • This is Iteris’ 1st transaction in Florida.

M&A Deal Summary

Date 2019-06-14
Target Albeck Gerken
Sector Engineering
Buyer(s) Iteris
Deal Type Add-on Acquisition
Deal Value 11M USD

Target

Albeck Gerken

Tampa, Florida, United States
Albeck Gerken, Inc. is a privately held traffic operations engineering services provider. The company operates its own state-of-the-art traffic management facility, including a traffic management center, traffic operations lab and training center, from its headquarters in Tampa.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Iteris

Austin, Texas, United States

Category Company
Founded 1969
Sector Technology Hardware
Revenue 172M USD (2024)
DESCRIPTION

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.


DEAL STATS #
Overall 1 of 2
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Florida) 1 of 1
Country (United States) 1 of 2
Year (2019) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-04 ClearAg

California, United States

ClearAg, Inc. is a solution that brings applied meteorological expertise, state-of-the-science land and surface agronomic modeling, and adaptive data processing that leverages over 20 years of accurate and location-specific descriptive and predictive insights to customers across the globe.

Sell -