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

For more information on companies in this article

Related Content

  • Welcome to Digital, Free Flow Tolling
    April 17, 2024
    Emovis’ work in the Netherlands demonstrates many benefits of free flow tolling as Benoît Rossi, director of business development at Emovis, an Abertis-owned entity, highlights
    Read More
  • Tattile buys Comark to advance traffic optimisation
    July 18, 2024
    Companies will work together on free-flow tolling applications and AI-driven systems
    Read More
  • Vitronic and Swarco agree Netherlands deal
    March 20, 2018
    Vitronic has announced a partnership with Swarco Nederland, here at Intertraffic, through which Swarco will be responsible for sales and service for Vitronic’s Poliscan products in the Netherlands. With the Poliscan family of products, machine vision specialist Vitronic offers national agencies and private service providers systems for speed enforcement, red light enforcement and licence plate reading. "We are pleased to have found a long-standing and reliable partner with Swarco Nederland and look
    Read More
  • ITS industry in the US has grown to $48 billion and will expand
    April 17, 2012
    ITS America has released what it says is the most comprehensive study to date on the scope of the ITS industry in the United States and North America. Researchers found intelligent transportation to be a fast growing sector valued at approximately US$48 billion. Results indicate that cities and states with drastically reduced budgets are turning to technology solutions to maximize existing highway capacity.
    Read More

Highlighted Content