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

  • TÜV Rheinland expands US operations
    January 10, 2014
    Germany-based TÜV Rheinland has acquired OpenSky Corporation, US provider of information technology (IT) consulting services, expanding its IT infrastructure and security services in the US. Based in Tolland, Connecticut, OpenSky’s services enables large enterprises to streamline IT infrastructures, protect information assets and accelerate the adoption of strategic technologies. The company will continue to operate as a separate business unit, with the executive and management team staying in place und
    Read More
  • Tolling system interoperability gains momentum
    August 14, 2012
    Efforts to advance national interoperability for tolling systems are gaining momentum, with one protocol promoted by a key operator group emerging as a candidate to form the basis for full AVI interoperability, Tim McGuckin writes. Fuelled by a growing awareness and acceptance of standards-based solutions, the US toll community is quickening towards the goal of interoperability between toll systems across the US. Over 20 years since the advent of electronic toll collection (ETC), key elements are falling in
    Read More
  • Peer-to-peer car sharing expected to become the next big thing in the market
    October 22, 2013
    Frost & Sullivan’s recent customer research study on car sharing in select European cities reveals that the market is fast gaining ground. Residents in a number of cities in France, Germany as well as in the UK are currently multi-modal transport users. While only one out of four claim familiarity with the car sharing concept, once familiar, the interest levels in these services zip to 38 per cent.
    Read More
  • Q-Free continues to strengthen ATMS business
    April 23, 2014
    Following its recent acquisition of TDC Systems in the UK, Q-Free is to acquire Slovenian company Traffic Design, an acquisition that reflects a continuation of Q-Free’s strategy to strengthen its business within Advanced Transportation Management Systems (ATMS). Traffic Design was established in 1990 and is the market leader in traffic management, parking systems and tolling in Slovenia. The company has installed traffic management and parking systems nationwide and is the operator of the country’s tol
    Read More

Highlighted Content