Iteris acquired by Almaviva

The Italian multimodal transport technology company Almaviva has bought US roadside software and hardware company Iteris for US$335 million (approx £260 million) Almaviva specialises in digital technology across a range of sectors – including transport, plus financial services, healthcare, manufacturing and telecommunications across Europe, the Americas, North Africa and the Middle East. In the UK, […]

American industry giant Iteris sold to Italian digital firm

American smart mobility infrastructure management company Iteris has been sold to Italian private digital innovation group Almaviva. The all-cash transaction values Iteris at approximately $335 million equity value (approx £262 million). Under the terms of the agreement, Iteris shareholders will receive $7.20 (£5.64) in cash for each share of Iteris common stock. Iteris has more than 10,000 public and private-sector clients using the company’s AI-powered […]