Iowa, US, based Brown Traffic Products is to acquire certain assets of the traffic signal and cabinet manufacturing business units operated by Siemens in Austin, Texas. Siemens will remain focused on its traffic management systems and controller business.
Upon the close of the acquisition, the 82 employees of Siemens’ manufacturing units will be integrated into Brown Traffic Products. Brown will maintain the Austin facility along with the other Brown locations in the Midwest. Financial terms of the trans
Iowa, US, based Brown Traffic Products is to acquire certain assets of the traffic signal and cabinet manufacturing business units operated by 189 Siemens in Austin, Texas. Siemens will remain focused on its traffic management systems and controller business.
Upon the close of the acquisition, the 82 employees of Siemens’ manufacturing units will be integrated into Brown Traffic Products. Brown will maintain the Austin facility along with the other Brown locations in the Midwest. Financial terms of the transaction are undisclosed. The company is an ITS solutions provider and systems integrator of signalised intersections and networks of signalised intersections in the Midwest
“With this acquisition we are enhancing Brown Traffic’s manufacturing division allowing us to continue to produce state of the art traffic products utilised by municipalities at signalised intersections. In addition, this transaction allows Brown Traffic to expand its market across North America through a network of highly skilled dealerships.” said Jeff McAleer, VP of sales, Brown Traffic Products.
Upon the close of the acquisition, the 82 employees of Siemens’ manufacturing units will be integrated into Brown Traffic Products. Brown will maintain the Austin facility along with the other Brown locations in the Midwest. Financial terms of the transaction are undisclosed. The company is an ITS solutions provider and systems integrator of signalised intersections and networks of signalised intersections in the Midwest
“With this acquisition we are enhancing Brown Traffic’s manufacturing division allowing us to continue to produce state of the art traffic products utilised by municipalities at signalised intersections. In addition, this transaction allows Brown Traffic to expand its market across North America through a network of highly skilled dealerships.” said Jeff McAleer, VP of sales, Brown Traffic Products.
