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

  • Managed motorways, hard shoulder running aids safety, saves time
    January 30, 2012
    The announcement that, in 2012/13, work to extend Managed Motorways to Junctions 5-8 of the M6 near Birmingham in the West Midlands is scheduled to start marks the next step for the UK's hard shoulder running concept, first introduced on the M42 in 2006. The M6 scheme is in fact one of several announced; over the next few years work will start on applying Managed Motorways to various sections of the M1, M25 London Orbital, M60 and M62. According to Paul Unwin, senior project manager with the Highways Agency
    Read More
  • Growth of China ETC market
    January 22, 2016
    According to the latest report from Research and Markets, by the end of 2014, the mileage of toll highways in China amounted to 162,600 km, including 106,700 km of toll expressways, accounting for 65.7per cent; there were 1,665 mainline toll stations on toll highways nationwide, 696.5 of which were the ones on expressways, making up 41.8 per cent. The report, China ETC (Electronic Toll Collection) Industry Report, 2015-2019, claims that by the end of Oct 2015, China had had 25.15 million electronic toll col
    Read More
  • IBTTA 2011 Annual Meeting highlights developing trends in tolling
    January 26, 2012
    Alain Estiot, chief meeting organiser of this year's IBTTA Annual Meeting and Exhibition, talks about hot topics for discussion. The IBTTA's 79th Annual Meeting and Exhibition, which takes place this year in Berlin in September, will once again take many of the developing trends from around the world and look at their effects on the tolling sector. Host organisation Toll Collect's Alain Estiot, chief meeting organiser, says that the event has to be viewed against a backdrop of major global change.
    Read More
  • Global ETC solution revenues to grow to $8.5 billion by 2018
    July 26, 2013
    Global electronic toll collection (ETC) systems revenues are expected to grow from US$4.48 billion in 2013 to US$8.5 billion in 2018, with a CAGR of 14 per cent and North America as the vital region., according to a new report from ABI Research, Electronic Toll Collection: A Key Business Driver for ITS and V2I. The study covers types of ETC (highway, urban, and area tolling), ETC technologies (RFID, DRSC, video, and GNSS/cellular), use cases and benefits, as well as an in-depth review of the main implementa
    Read More

Highlighted Content