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

  • Bitumen technology: counting carbon emissions from road works
    March 13, 2024
    This month we look at accurate carbon counting, a biobinder that does not come at a premium and efforts to increase recycled content - Kristina Smith reports
    Read More
  • Fast, safe and sustainable transport for Johannesburg
    February 14, 2012
    GTZ highlights a pioneering scheme illustrating the potential of Bus Rapid Transit systems as a viable approach to alleviate the traffic and social problems faced by large cities worldwide
    Read More
  • Fast, safe and sustainable transport for Johannesburg
    April 12, 2012
    GTZ highlights a pioneering scheme illustrating the potential of Bus Rapid Transit systems as a viable approach to alleviate the traffic and social problems faced by large cities worldwide Most major cities worldwide have been characterised by the phenomenon of steadily growing urbanisation accompanied by exponentially increasing numbers of private motorised vehicles. This has led to congested roads and sprawling cities, with commuters having to travel long distances to and from work. Despite huge inves
    Read More
  • Revenue crash hits giant European contractor STRABAG SE
    November 30, 2012
    One of Europe’s biggest construction groups, STRABAG SE, is facing tough trading conditions with “earnings significantly down,” according to its latest quarter three report. Chief executive Hans Peter Haselsteiner told World Highways that the central and east European specialist is fighting its way through a continuing downturn. “Conditions in the construction sector are becoming more difficult than we have been accustomed to in recent years,” he said. And this has been the case since “our half-year results
    Read More

Highlighted Content