Vinci Highways has completed its acquisition of toll back-office systems specialist TollPlus.
The French group bought the remaining 70% stake it did not already hold in TollPlus, gaining it immediate entry to the burgeoning electronic toll collection (ETC) market.
A subsidiary of Vinci Concessions, it has held a 30% stake in TollPlus for the past six years and has been developing its free-flow tolling interests in the US (Texas and California), Ireland and India.
“With this acquisition, Vinci Highways benefits from one of the best back-office technologies on the market, and sustains its strategy of developing free-flow highways in the US, projects for which back-office software expertise is essential," says Belen Marcos, executive VP of Vinci Concessions and president of Vinci Highways.
