VINCI Highways has announced the acquisition of the 70% stake it did not already hold in TollPlus Inc, a software company that specialises in toll road back-office systems and mobility solutions.
Holder since 2016 of a strategic stake of 30% in the capital of TollPlus, VINCI Highways has been successfully developing in the free-flow market in the USA (Texas and California, two States at the forefront of technological innovation), Europe (Republic of Ireland) and India.
TollPlus, which will be fully consolidated by VINCI, employs over 350 people.
With this acquisition, VINCI Highways becomes an immediate player in the Electronic Toll Collection (ETC) market. ETC is a strongly growing market, especially in the USA.
Belen Marcos, executive vice-president of VINCI Concessions and President of VINCI Highways, declared: “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 USA, projects for which back-office software expertise is essential”.