Acquisition move for tolling firm specialist

The Sanef Group has made a healthy offer to CS for the acquisition of its intelligent transportation system (ITS) operations. The deal relates specifically to the ITS Business Unit, which employs approximately 220 people and recorded a revenue of € 31.4 million in 2011. Sanef is a global service road infrastructure provider, focussing on mobility.
August 21, 2012 Read time: 1 min
The 4757 Sanef Group has made a healthy offer to CS for the acquisition of its intelligent transportation system (ITS) operations. The deal relates specifically to the ITS Business Unit, which employs approximately 220 people and recorded a revenue of € 31.4 million in 2011. Sanef is a global service road infrastructure provider, focussing on mobility. This move would allow CS ITS to take full advantage of a growing tolling system market. The deal is subject to the usual conditions concerning acquisitions but CS has granted exclusivity until 31 October 2012. CS is also starting a consultation process with its workers council representatives over the proposed deal.

For more information on companies in this article

Related Content

  • Machine control technology evolving fast
    February 8, 2012
    The machine control market is evolving fast and is increasingly becoming part of a much wider construction site management concept, Mike Woof reports. Machine control technology has come a long way in the past 20 years and the development of 2D and 3D systems has been rapid in the construction sector.
    Read More
  • Cummins sets new quarterly record
    November 6, 2023
    The US-headquartered global off-highway machine engine giant posted a 15% year-on-year revenue rise to US$8.4 billion.
    Read More
  • Colombia’s ANI agency is driving forward the 4G PPP programme
    April 4, 2016
    Andrade Moreno is a man on a mission. The head of Colombia's infrastructure agency ANI explains how the organisation is giving foreign companies increasing confidence to invest time and money in the country. David Arminas reports Change, especially when it touches the highest levels of South American business and politics, can bring with it personal danger. Luis Fernando Andrade Moreno, president of Colombia's National Infrastructure Agency - ANI - was aware of this when he took on the role in 2011. B
    Read More
  • Virginia state issues RFP for $2.1 billion Interstate 66 toll expansion
    December 23, 2015
    The Virginia Department of Transportation (VDOT) has issued a draft request for proposals (RFP) for the US$2.1 billion Interstate 66 tolled expansion project. Work under a 40-50-year public-private partnership is expected to include construction of 46km of lanes.
    Read More

Highlighted Content