Almaviva S.p.A. Acquires Iteris, Inc.

August 9, 2024

Almaviva S.p.A. agreed to acquire Iteris, Inc. in an all-cash transaction valuing Iteris at approximately $335 million; Iteris shareholders will receive $7.20 per share. The deal, which closed in 2024, takes Iteris private and positions the company to accelerate global adoption of its ClearMobility platform by leveraging Almaviva’s international digital innovation network.

Buyers
Almaviva S.p.A.
Targets
Iteris, Inc.
Sellers
Iteris shareholders
Industry
Transportation
Location
Texas, United States
Transaction Type
Buyout

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