The Anaheim, Calif.-based transportation solution provider and manufacturer of advanced traffic management providers and systems, Econolite, recently announced that it has added the Colorado Springs-based company Safetran Traffic Systems Inc. to its family of companies.
A plan has been initiated to streamline portions of the combined companies in order to take advantage of the complimentary product lines and to drive the company to increased profitability.
"We think the synergies between these two companies are powerful," said Michael Doyle, Econolite's chief executive officer. "Together we will strengthen our software and hardware product suites, accelerate innovation, increase the value proposition to our customer base and add long-term value to our family of employees."
"Econolite has been involved in the development of traffic-control equipment for over 73 years and has become a leader in the application of new technology," Safetran's President Neil Minihane said. "We are confident that this acquisition will allow Econolite to improve their dealer network and add more value to those dealers with a complete product offering and more cost competitive prices. With the combined strengths of these two companies we are better positioned to meet the needs of the NEMA, ITS and 170/2070 customers."
Management from both companies feel that the organizational cultures are very similar, both having talented and experienced employees, in addition to their excellent reputation's for quality products and services. By combining the best of both companies, they are confident that the resulting organization will emerge as the industry's premier traffic-solution provider.
