Econolite Group, Inc.
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Econolite Group, Inc. - overview
Established
1933
Location
Anaheim, CA, US
Primary Industry
Software
About
Founded in 1933, and based in California, US, Econolite Group, Inc. is a software firm that specializes in traffic management for public transit. In March 2022, PTV Planung Transport Verkehr GmbH acquired a majority stake in Econolite Group, Inc. Mike Doyle is the chairman and CEO of the company.
The company provides solutions such as cabinets, controllers, systems, sensors, and signals. The firm's solutions range from policy, system planning, and design to system and sensor products, integration, implementation, operation, maintenance, and support, as well as consulting services for connected and automated vehicles. The March 2022 acquisition allows the organization to accelerate expansion and expand global research beyond its present market scope of more than 120 countries.
Primary Industry
Software
Sub Industries
Transportation Services, Systems Management Software, Application Integration Software, Analytics & Performance Software
Website
www.econolite.com
Verticals
Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Econolite Group, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Spin-Off | Completed | RAI Products’ Operational Business | - | ||||||||
| Add-on | Completed | Western Pacific Signal, LLC | - | ||||||||
| Add-on | Announced | Econolite Group, Inc. | - |
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