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ITIS Holdings, the Altrincham-based provider of traffic and travel information with 150 staff, has been acquired by INRIX of the US for £37m.
ITIS Holdings has acquired Trafficlink, the distributor of traffic and travel information with 130 staff in London, Bristol, Birmingham, Cardiff, Manchester, Middlesbrough and Edinburgh, for an initial £10m.
ITIS Holdings has sold its NavTrak vehicle tracking subsidiary to Cobra Automotive Technologies for an initial £2.2m, in order to focus on traffic information.
ITIS Holdings is to acquire Estimotion, the Israel-based developer of traffic forecasting systems based on the position of mobile phone, for up to £2.8m.