Telvent, Peek Traffic form strategic partnership for North America

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Updated Jan 14, 2011

Telvent, a real-time IT solutions and information provider, announced a new working relationship with Peek Traffic Corp. intended to allow traffic management operators to improve traffic flow and safety, as well as maximize resources. This new relationship will focus on securing and implementing contracts in North America.

“Telvent is excited to form a partnership with one of the leading providers of traffic management equipment,” says Ignacio Gonzalez, Telvent chief executive officer. “In collaboration, both firms will continue to provide transportation services that demonstrate a long history of expertise and cost-effective transportation solutions throughout North America.”

In this joint venture, Peek will design traffic control products that work in conjunction with Telvent’s user-friendly interface to streamline road operations for mid- and large-size cities’ traffic operations. By combining Telvent’s intelligent transportation systems with Peek’s traffic control equipment, the two companies say they will provide clients an enhanced product that is more reliable and economical.

Additionally, Peek and Telvent will conduct joint research and development efforts toward designing a next-generation traffic control system that will allow operators to optimize traffic control in real time. The companies say this next-gen system will assist operators in preparing to quickly and effectively respond to any emergency situation occurring within the infrastructure, which will lead to a decrease in accidents and an increase in user safety.

“The enhanced compatibility between the two companies will allow for an integrated and distributed adaptive control system,” says Alejandro Brunell, Peek Traffic Corp.