Iteris, Inc., a notable provider of solutions for smart mobility infrastructure management and listed on the Nasdaq, is set to transition into a private company following a takeover valued at $335 million by Almaviva, the Italian leader in digital innovation. The acquisition deal specifies that Iteris shareholders will receive a cash payout of $7.2 for […]
Reliance Industries said that its fully-owned subsidiary Reliance Strategic Business Ventures (RSBVL), has acquired an additional stake in skyTran, a US-based pod cars developer, for $26.76 million. The deal enables the Indian conglomerate to boost its stake in the personal rapid transit system developer to 54.46%. skyTran has developed a passive magnetic levitation and propulsion […]
