Almaviva S.p.A. to Acquire Iteris, Inc. for $335 Million

August 9, 2024

Iteris, Inc. has entered into a definitive all-cash merger agreement to be acquired by Almaviva S.p.A. for approximately $335 million in equity value, valuing Iteris at $7.20 per share. The transaction was approved by Iteris stockholders and is expected to close on or about November 1, 2024, subject to customary closing conditions (and has since been announced as closed).

Buyers
Almaviva S.p.A.
Targets
Iteris, Inc.
Industry
IT Services
Location
Texas, United States
Transaction Type
Buyout

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