Traffic Industry Leader Signal Group Acquires Control Of Northwest Signal, Expands Investment In North America
HOUSTON, Aug. 2, 2013 /PRNewswire-iReach/ -- Signal Group, owner of leading intelligent transportation system manufacturer Peek Traffic Corporation, Signal Telecom, Rayolite and part of the family of traffic companies that include Semex in Latin America, is proud to announce the acquisition of a controlling interest in Northwest Signal Supply, Inc.
Based in Oregon, Northwest Signal manufactures and sells adaptive traffic software, controllers, traffic cabinets, poles and sign structures throughout the North Western United States.
The transaction marks Signal Group's ongoing investment in the North American traffic industry. Rolando Garcia, Chief Operating Officer of Signal Group, stated: "The investment in Northwest Signal is consistent with our longstanding commitment to the North American market, particularly in the areas of advanced traffic management and manufactured infrastructure. The addition of Northwest Signal to the Signal Group family of companies brings us closer to the end users we serve, and allows for an immediate technology exchange that will accelerate our participation in the controller market space."
Northwest Signal is a respected manufacturer and distributor of traffic control products. Founded in 1976, the Tualatin, Oregon based company operates in more than eight states in the Western U.S., including Arizona, Colorado, Idaho, Montana, Oregon, Utah, Washington and Wyoming, marketing traffic signals, controllers, software, cabinets and structural poles. As part of the strategic investment Signal Group will ensure the long term availability of Peek Traffic products to the territory.
"We are very pleased to join Signal Group," said Bob Frame, Managing Director of Northwest Signal. "This partnership provides Northwest Signal greater access to the resources necessary to grow our business throughout the region. The combined portfolio of products manufactured by Northwest and Peek, together with other respected products we market to our customers, offers a truly powerful and convenient resource to the marketplace."
About Signal Group
Signal Group is one of the industry's largest intelligent traffic solutions manufacturers in North America, with operating companies providing industry leading technologies in Intelligent Transportation Systems, traffic signaling, traffic control and management, data collection and classification, access control and detection. The Signal Group family of companies includes Peek Traffic Corporation (Palmetto, Florida); Rayolite (Houston, Texas); Signal Telecom and Parktime in Moscow, Russia; Rostok Elecom (Kiev, Ukraine); and SEMEX, AKT - Access Kontroll Technologies and Zeit in Mexico. The Peek Traffic ATC line of advanced traffic controllers are used in some of the largest cities in North America, including New York, Chicago, Toronto and Montreal.
name: Michael Shaw
phone number: 941-845-1231
Signal Group; Semaforos de Mexico, SEMEX, Peek Traffic Corporation; Northwest signal; Intelligent Transportation System (ITS); Federal Highway Administration (FHWA); Adaptive Signal Control; Traffic Control; Data Collection; NEMA-National Electrical Manufacturers Association; Houston, TX; Tampa Bay, FL; Portland, OR
Media Contact: Michael Shaw, Peek Traffic, 941.845.1231, Michael.email@example.com
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SOURCE Peek Traffic