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

  • Upstream appoints Andy McDonald SVP for worldwide sales
    February 16, 2018
    Ontario-based Upstream Works (UW) has appointed Andy McDonald as senior vice president, worldwide sales, as part of a strategy to better serve the growing demand for its communication solutions. He will lead the partner and sales teams in North America and Europe, Middle East and Africa (EMEA). McDonald was previously vice president of sales and general manager EMEA, where he led UW into the European market.
    Read More
  • Car-sharing service membership will grow to 26 million worldwide in 2020
    November 30, 2015
    According to a new research report by Berg Insight, the number of users of car-sharing services worldwide is forecasted to grow from 6.5 million people in 2015 at a compound annual growth rate (CAGR) of 32.0 per cent to reach 26.0 million people in 2020. Berg Insight forecasts that the number of cars used for car-sharing services will grow at a compound annual growth rate of 29.6 per cent from 123,000 at the end of 2015 to 450,000 at the end of 2020. Car-sharing is one of many car-based mobility service
    Read More
  • Europe fastest growing region for ITS, says report
    April 15, 2016
    According to Technavio’s latest report, the global intelligent transport systems (ITS) market is expected to exceed US$58 billion by 2020, growing at a CAGR of over eight per cent during the forecast period. The global ITS market is expected to grow moderately during the forecast period. The major customer segments of ITSs are public departments, municipal corporations, government organizations, car and truck leasing companies, and construction firms. “These systems help make traffic and fleet manag
    Read More
  • The long road to Spanish enlightenment
    October 22, 2018
    Julián Núñez, immediate past president of ASECAP, gets his teeth into the vision of a European strategy for toll roads. David Arminas reports from Madrid. Getting European politicians to agree to a long-term cross-border highway infrastructure programme for toll roads is extremely difficult. It’s a bit like pulling teeth: people want to avoid the pain. But pain is something that Spanish operators, including Abertis, OHL, ACS, FCC and Acciona, have been going through for the past decade. The country has
    Read More

Highlighted Content