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

  • Strabag thinks positive despite drop in half year group revenue
    September 2, 2016
    Publicly listed construction company Strabag reports “a very positive development” in the first six months of 2016, despite lower group revenue. Consolidated group revenue fell back 8% to €5,312.15 million.
    Read More
  • Information technology and transport development
    April 12, 2012
    A team of eminent Russian specialists* introduce exciting new information technologies, such as the Internet of Things, and foresee their promising applications in the field of transport infrastructure development. Global economic growth, combined with explosive digital technology proliferation, brings new challenges to the field of transport infrastructure. Technical advances such as Intelligent Transportation Systems (ITS), vehicle to infrastructure interfaces, global positioning, electronic toll collecti
    Read More
  • Information technology and transport development
    February 16, 2012
    A team of eminent Russian specialists* introduce exciting new information technologies, such as the Internet of Things, and foresee their promising applications in the field of transport infrastructure development
    Read More
  • Better asset management will reduce costs and improve efficiency
    August 22, 2013
    The FEHRL Infrastructure Research Meeting 2013 (FIRM 2013) raised key issues in transport innovation The key theme for FIRM 13 was advanced and innovative construction and maintenance, highlighting the importance of efficient asset management. Infravation, or infrastructure innovation, was another focus area for the event. Joris Al, FEHRL president said, “We aim to bring interested parties together. We’ve decided to build on existing knowledge rather than starting with front edge technologies and working
    Read More

Highlighted Content