Prague, May 23, 2024 – ITIS Holding has received all necessary regulatory approvals from antitrust authorities in Germany and other relevant countries to acquire German VITRONIC Group. Continuing to develop R&D and production capabilities within VITRONIC’s facilities in Germany, ITIS Holding is ready to accelerate the entire group’s growth, aiming to establish itself as a leading ITS provider with global reach.
ITIS Holding and VITRONIC complement each other perfectly in terms of the solutions provided and regional reach. The complementarity of both companies allows the creation of a strong end-to-end ITS and automation provider with a comprehensive range of sustainable solutions for urban mobility, tolling, road safety, traffic enforcement and automation, with delivery capabilities almost anywhere in the world.
“ITIS Holding offers a proven best-in-class satellite tolling solution, while VITRONIC is a global leader in road safety and automation segment using innovative machine vision technology. We approach the acquisition of VITRONIC as a long-term strategic investment. By connecting these two leaders from several industries, our ambition is to grow the entire group into a globally successful, large-scale ITS provider,” stated Matej Okali, CEO of ITIS Holding.
Upon the formal completion of the transaction, ITIS Holding will significantly enhance VITRONIC’s capital structure by contributing 50 million euros.
“This year, VITRONIC celebrates 40 years since its founding. Building up on this, I am confident that with the new ownership, the best years are still ahead for both traffic and automation industries. The complementarity between our solutions, products, software and services allows us to present our customers with a significantly broader range of advanced technological solutions. All of this continues to be supported by the esteemed ”German Engineered” concept,“ said Daniel Scholz-Stein, CEO of VITRONIC.
ITIS Holding is committed to developing VITRONIC’s business and maintaining continuity for both existing and new customers. Both ITIS Holding and the PPF Group are ready to accelerate the growth of the entire group by helping VITRONIC enter new markets or better serve existing ones.
About ITIS Holding and PPF Group
ITIS Holding is a leading provider of intelligent traffic infrastructure and road user charging solutions. Proven and technologically neutral solutions cover the entire value chain: from designing and building to operating, maintaining, and providing services to road users. ITIS Holding helps governments and clients facilitate traffic management, generate revenue to finance infrastructure development, and increase road safety in a technologically and cost-efficient way. With the robust capital base, knowledge, and extensive experience of our shareholders, ITIS Holding is well-positioned to accelerate growth, both organically and through strategic acquisitions. Visit www.itisholding.com
PPF Group operates in 25 countries, investing in financial services, telecommunications, media, e-commerce, and other sectors, including real estate, biotechnology and transportation. PPF is a majority shareholder of Skoda Transportation, a leading European manufacturer of public transport vehicles. In 2022, the ITIS Holding was established with the ambition to profile the Group in the field of intelligent transport system solutions. PPF Group’s geographical reach spans Europe, North America, Asia and Africa. The Group owns assets valued at EUR 43.5 billion and employs 55,000 people globally (31 December 2023). More at www.ppf.eu.
About VITRONIC
VITRONIC is the world’s leading innovation driver for machine vision, enabling its customers to master the challenges of tomorrow. The family-owned group of companies develops solutions in the form of specialized products and software for image-based recognition, quality inspection, identification and process optimization, which find application in the growth sectors of intelligent traffic solutions and automation.
VITRONIC solutions make an important contribution to helping shape a safe and sustainable world. VITRONIC offers leading technology for increased safety on the roads, efficient tolling and smart city solutions for optimizing traffic flow and for recording road usage. In the automation sector the solutions achieve the highest quality and productivity for automotive and pharmaceutical companies. Also in logistics centres and at cargo airports a transparent flow of goods is ensured.
Since its foundation in 1984, VITRONIC has been growing continuously for almost 40 years. The current annual turnover (2023) is EUR 241 million and the company is currently represented on five continents in over 80 countries with approximately 1,400 employees. Visit www.vitronic.com.
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