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

  • Sensys Gatso speed enforcement order from MENA
    August 25, 2016
    Sensys Gatso Group has received an order for speed enforcement systems valued at US$1 million (€1 million) from a customer in MENA (Middle East North Africa), with delivery planned to be finalised within the first quarter of 2017. The Group has also signed a Memorandum of Understanding with the customer to cooperate on localisation of production and transfer of know-how for potential further orders. Sensys Gatso says the MENA region with a population of more than 400 million people has been key to th
    Read More
  • Integrating traffic management and tolling technologies
    April 25, 2013
    Jamie Surkont, head of road safety enforcement with Kapsch, outlines the company’s efforts to set up and align new traffic management business units with its more widely recognised tolling expertise The blurring of ITS applications’ edges brought about by systems’ increasing functionalities will ensure that many of the technologies which we have come to rely on for road and traffic management will find it increasingly difficult to exist or operate within tight market verticals. At the same time, systems man
    Read More
  • Verizon to acquire Hughes Telematics
    June 5, 2012
    Verizon Communications and Hughes Telematics have announced a definitive merger agreement under which Verizon will acquire Hughes Telematics for a total of US$612 million. Verizon says the transaction will expand its capabilities in the automotive and fleet telematics marketplace and accelerate growth in key vertical segments. Hughes offers a portfolio of services through its commercial fleet, aftermarket and original equipment manufacturer (OEM) offerings as well products and services for health providers
    Read More
  • Growth of outsourcing simplifies transportation operations
    June 11, 2012
    Xerox Chairman and CEO Ursula Burns will deliver the keynote address at the opening plenary of ITS America’s 2012 Annual Meeting in May. She talked to ITS International about the acquisition of ACS, its rebranding and the importance of the transportation sector to Xerox
    Read More

Highlighted Content