First publishedon www.ITSInternational.com
Paris-based global toll roads concession and construction company Vinci has taken an unspecified strategic stake in TollPlus, the Phoenix-based developer of electronic toll collection systems, through its Vinci Highways US subsidiary.
TollPlus, already active in the USA, currently deploys its transaction management system across almost 350 toll plazas in India.
According to Vinci, the acquisition is intended to support the growth of TollPlus and strengthen its own positions in the ETC market, which it believes is set to grow sharply in the USA, Latin America, Europe and Asia.
Cofiroute USA, Vinci Highways' and TollPlus have developed a working relationship in back-office services for ETC.