(Finance) – Telepass has reached an agreement with the Abertis Group for the100% purchase of the French company Eurotoll. The formalization of the agreement takes place after the presentation of a binding offer which was accepted by Abertis, which had launched a competitive process in recent months.
With this operation, Telepass further strengthens the its leadership position in the European toll service market for the heavy vehicles. The operation was carried out jointly with FAI Serviceglobal partner for trucking companies.
Since 2006 Eurotoll has been providing electronic tolling solutions that allow transporters to move freely in Europe, such as motorways, bridges, tunnels, truck parking lots. Issuer authorized in France, Belgium and AustriaEurotoll has progressively extended its geographical coverage to 16 European countries, including Italy, through a network of over 92,000 kilometers of toll roads, 10,000 active customers and the management of over 150,000 satellite on-board units (OBUs).
“We are very pleased to have reached this agreement, which allows us to consolidate our leadership in the business of freight transport and intermodality, a sector which is increasingly recognized as having a strategic dimension for the entire international economy, as has also clearly emerged. during the early stages of the pandemic, “he says Gabriele Benedetto, Chief Executive Officer of Telepass.
“With this operation we are beginning to focus more on our European positioning which remains one of our strategic priorities. Now we will be able to do so also thanks to the enhancement of the experience gained in the sector by Eurotoll and its people”, underlines the CEO of Telepass.