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

  • Wacker Neuson expanding through acquisition
    March 15, 2022
    Wacker Neuson is expanding through acquisition.
    Read More
  • Balfour Beatty says strong 2024 performance provides momentum into 2025 and 2026
    March 14, 2025
    Balfour Beatty says that it delivered another year of strong operational performance in 2024, which resulted in the group growing earnings, average cash and order book.
    Read More
  • Wacker Neuson reports record revenue
    May 11, 2017
    Wacker Neuson is reporting a record revenue for its first quarter in 2017. The Munich-based international light and compact equipment manufacturer said that adjusted profit before interest and tax (EBIT) increased significantly. At the close of the first quarter, order intake and backlog showed a clear rise over the figures posted for the prior-year period. "The year has got off to a very promising start for our Group. The investment mood among many national and international customers in most of our target
    Read More
  • America faces another major highway funding crisis says TCC
    October 3, 2014
    The United State is facing yet another national highway funding crisis as the country’s new fiscal year begins. Despite the fact that October 1 marked the beginning of America’s new financial year, Congress has still not passed or approved the funding for a new long-term surface transportation measure. This is really worrying the 31-member-strong Transportation Construction Coalition (TCC) which is arguing that a “failure to act” will “lead to another self-imposed funding crisis that would undermine vital r
    Read More

Highlighted Content