Iteris to be Acquired by Almaviva for $335M in All-Cash Transaction
Iteris, an Austin, TX-based provider of smart mobility infrastructure management technology, announced it has entered into a definitive agreement to be acquired by Almaviva, an Italian digital innovation group. The all-cash transaction values Iteris at approximately $335 million. Almaviva plans to finance the acquisition through committed debt financing. Once the deal is finalized, Iteris will … Read more