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

  • East Africa uses cargo tracking to foils criminals and collect tax
    June 10, 2015
    Shem Oirere looks at the beneficial effect of cargo tracking. The mandatory installation of electronic cargo tracking and security (ECTS) systems in Kenya, Tanzania and Uganda has helped enhance revenue collection, enforce cargo handling requirements, improved the business environment of the respective countries’ trade routes and helped cargo hauliers cut costs. This is being spearheaded by the state-owned tax collection agencies and the improved custom duty collection has not only enabled a reduction of im
    Read More
  • Machine vision makes progress in traffic applications
    June 2, 2014
    Machine Vision technology is easing the burden on hard-pressed control room staff and overloaded communications networks.
    Read More
  • Treepz expands presence in East Africa 
    December 6, 2021
    Canadian mobility firm aims to build largest shared mobility platform in sub-Saharan Africa
    Read More
  • Vitronic to supply enforcement systems to Oman
    September 3, 2012
    In an effort to make their roads as safe as those of Europe, the Sultanate of Oman is investing in enforcement technology. As part of this initiative, the Royal Oman Police has awarded Vitronic a contract to supply 200 Poliscan fixed speed enforcement systems and 26 red light enforcement systems. The first systems have already been delivered and the remainder is currently being manufactured.
    Read More

Highlighted Content