M&A Deal Summary

Iteris Acquires TrafficCast International

On December 7, 2020, Iteris acquired information technology company TrafficCast International for 16M USD

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

M&A Deal Summary
Date 2020-12-07
Target TrafficCast International
Sector Information Technology
Buyer(s) Iteris
Deal Type Add-on Acquisition
Deal Value 16M USD

Target

TrafficCast International

Middleton, Wisconsin, United States
TrafficCast International, Inc. provides travel information technology, applications, and content to media, mobile technology, automotive, and public sector customers throughout North America. TrafficCast International is based in Middleton, Wisconsin.

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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 2 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Wisconsin) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS 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.

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Mergr

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