Sanef acquisition offer for CS ITS business

France-headquartered tolling system specialist CS has announced that it has received a binding offer from Sanef Group to acquire its ITS business unit. The deal would allow CS ITS, which employs some 220 people and registered € 31.4 million (US$38.96 million) revenues in 2011, to take full advantage of a growing tolling system market. The company says it will initiate consultation with its workers council representatives with a view to finalising the acquisition.
August 21, 2012 Read time: 1 min
France-headquartered tolling system specialist 6420 CS has announced that it has received a binding offer from 480 Sanef Group to acquire its ITS business unit. The deal would allow CS ITS, which employs some 220 people and registered € 31.4 million (US$38.96 million) revenues in 2011, to take full advantage of a growing tolling system market. The company says it will initiate consultation with its workers council representatives with a view to finalising the acquisition.
Charging, Tolling & RUC

For more information on companies in this article

Related Content

  • Revenue growth of 30 per cent forecast for connected car market in 2016
    March 16, 2016
    According to research company Statista’s Digital Market Outlook (DMO), 2016 will see approximately 11 million connected cars in America, with almost 32 million intelligent cars on America’s streets by 2020. Worldwide the number of connected cars is forecast to rise to 160 million intelligent vehicles. Statista claims the main impact of the enormous growth of the market comes from the rapid development of new features and possibilities. The biggest segment however, according to the DMO, is not infotainmen
    Read More
  • Small toll agency adopts big city thinking
    December 5, 2014
    Andrew Bardin Williams looks at a novel option for new toll road authorities. While somewhat politically controversial, outsourcing has gained traction in the business world as a model worth investigating for its efficiency and cost saving benefits. Lean start-ups tend to employ independent contractors instead of full-time employees in an effort to remain flexible and avoid costs associated with pensions, retirement places, health insurance, office space and benefit packages.
    Read More
  • Geotoll’s payment app could be the smart answer to tolling interoperability
    July 30, 2013
    Jon Masters looks at a smartphone app which could be the ‘disruptive technology’ that eases the way to interoperability in tolling systems. Consumer demand may soon drive the biggest step change yet in tolling. In the United States a new start-up company, Geotoll, has launched a smartphone app for electronic toll payment. It is not beyond possibility that rapid growth of the market for smartphones will continue – an estimated 50% of US citizens and 80% of Europeans now have one – and that the Geotoll brand
    Read More
  • Telvent relocates and takes a global stance on ITS
    March 12, 2012
    Telvent's Manuel Sanchez Ortega, on relocating the company's headquarters to the US and how that fits in the international scheme of things. The change-of-address cards are in the post; Manuel Sanchez Ortega has just moved homes. The domestic upheaval of Telvent's Chairman and Chief Executive comes as a result of the decision to relocate many of the company's headquarter functions from Madrid to Rockville, Maryland in the US. Viewed in the context of its significant recent acquisitions in North America - am
    Read More

Highlighted Content