Davenport, IA - October 1, 2013
Brown Traffic Products, Inc. announced today that it has entered into an agreement with Siemens Industry, Inc. to acquire certain assets of the traffic signal and cabinet manufacturing business units operated by Siemens in Austin, TX. Siemens will remain focused on its traffic management systems and controller business.
“With this acquisition we are enhancing Brown Traffic’s manufacturing division allowing us to continue to produce state of the art traffic products utilized by municipalities at signalized 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, Inc.
“Brown Traffic’s mission is to provide equipment, software and services to monitor and control traffic flow by maintaining strategic relationships with municipalities, consultants, contractors and distributors. We have always taken great pride in the people working here at Brown and we are very much looking forward to the addition of the excellent team of professionals Siemens has maintained in Austin (TX),”said Joel Wright, President and CEO, Brown Traffic Products, Inc.
Upon the close of the acquisition, the 82 employees of Siemens’ manufacturing units will be integrated into Brown Traffic Products, Inc. Brown will maintain the Austin facility along with the other Brown locations in the Midwest. Financial terms of the transaction are undisclosed.
For additional information contact:
Brown Traffic Products, Inc.
736 Federal Street
Suite 2312 Davenport, IA 52803