PARIS (Agefi-Dow Jones)–Vinci Highways, the motorway concessions subsidiary of Vinci, announced on Wednesday that it owns 100% of the American company TollPlus, a specialist in motorway toll management systems and mobility solutions.
The company, which employs more than 350 people, has developed free-flow tolls in the United States, Europe and India.
Vinci had acquired 30% of the company in 2016. Following the acquisition of the remaining 70%, the company will be fully consolidated in the group’s accounts, Vinci said in a press release.
“Thanks to this acquisition, Vinci Highways is becoming a leading player in electronic toll collection (ETC). This market is growing rapidly, particularly in the United States,” added the group.
-Francois Schott, Agefi-Dow Jones; 01 41 27 47 92; [email protected] ed: LBO
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April 06, 2022 13:21 ET (17:21 GMT)