Vision specialist Vitronic to be bought by Itis Holding

Vitronic joins CzechToll, SkyToll and TollNet in Itis, which is owned by investor PPF Group
By Adam Hill February 2, 2024 Read time: 1 min
Vitronic has interests in traffic enforcement and tolling (© Korn Vitthayanukarun | Dreamstime.com)

Itis Holding is to buy machine vision specialist Vitronic Group for an undisclosed sum.

The transaction is subject to review by antitrust authorities in Germany and other countries.

Vitronic, which has interests in traffic enforcement and tolling, will join electronic toll system operators CzechToll and SkyToll, as well as tech company TollNet, under the Itis banner.

Itis specialises in toll collection schemes and is itself is owned by international investor PPF Group, covering the latter's investment activities in intelligent transport infrastructure.  

"We are excited to continue our growth as we unite with Itis to enhance our global reach, our research and development capacity and operational competences to better service our clients' needs," says Vitronic CEO Daniel Scholz-Stein.

PPF Group was founded in Czech Republic in 1991, owns €43.5 billion in assets and employs 52,000 people worldwide.

Itis says it is active in central and eastern Europe, as well as Indonesia and India, while Vitronic has operations in North and South America, Europe, Middle East, Asia, Africa, and Oceania.

Charging, Tolling & RUC Detection, Monitoring & Machine Vision

Related Content

  • March 22, 2012
    Visteon to sell its automotive lighting business to Varroc Group of India
    Visteon Corporation has announced that it has agreed to sell its automotive lighting business to Varroc Group, a global provider of automotive parts headquartered in India, for US$92 million in cash. The transaction, which is subject to regulatory reviews and other conditions, is expected to be completed in the third quarter of 2012. The business to be sold encompasses a wide range of exterior lighting products supplied to global vehicle manufacturers, including front and rear lighting systems, auxiliary la
    Read More
  • July 21, 2015
    TomTom expands global map footprint
    TomTom has added navigable maps for thirteen new countries to its global map database, which now covers over 45.6 million kilometres and 4.3 billion people worldwide, and features full navigable coverage for 134 countries. Global map enhancements include the launch of navigable, turn-by-turn maps for Macedonia, Bosnia and Herzegovina, Peru, Guatemala, Nicaragua, Panama, Costa Rica, Honduras, El Salvador, Iraq, Ghana, Rwanda and Burundi; Address Points have also been introduced to enable better geocodi
    Read More
  • October 30, 2012
    ‘Need for sustainable transportation infrastructure drives the ITS market’
    According to a new report by Global Industry Analysts (GIA), the global Intelligent Transportation Systems market is projected to reach US$22.7 billion by the year 2018, driven primarily by the need to enhance road safety by efficiently managing traffic, enforcing speed limits and easing traffic congestion. Rising demand from developing nations to incorporate ITS solutions also bodes well for the future of the market. The report provides a comprehensive review of trends, product developments, mergers, acqu
    Read More
  • February 3, 2012
    South Africa's first multi-lane free-flow tolling top of the line
    Kapsch's Kjell Arnesson talks about the first multi-lane free-flow tolling project in South Africa. In South Africa, installation is ongoing as part of the Gauteng Freeway Improvement Project (GFIP) of the country's first Multi-Lane Free-Flow (MLFF) tolling system.
    Read More

Highlighted Content