Iteris to acquire Meridian Environmental Technologies

  • 14-Jan-2011 01:22 EST

Traffic management company Iteris Inc. has signed a Stock Purchase Agreement to acquire Meridian Environmental Technology Inc. (MET), a privately held company based in Grand Forks, ND. MET is a leader in 511 advanced traveler information systems, as well as Maintenance Decision Support System (MDSS) management tools that allow users to create solutions to meet roadway maintenance decision needs. The Meridian State-of-the-Science (MDSS) system provides detailed and accurate information at the route level enabling the efficient maintenance of roads and highways while optimizing resource use and reducing costs. “In addition to an attractive customer base within weather and traveler information systems, MET provides Iteris with key capabilities in the emerging performance measurement and management market. With MET, our company is better equipped to empower travelers and traffic management authorities with more accurate and real-time information, and network performance management,” said Abbas Mohaddes, president and CEO of Iteris.


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