Vinci acquires strategic stake in Tollplus
Vinci, via its subsidiary Vinci Highways, has taken a strategic stake in the capital of TollPlus.
TollPlus, based in Phoenix (Arizona, US) and present in Hyderabad (India), has emerged in just five years as a reference in development, implementation and maintenance of dematerialised solutions for Electronic Toll Collection (ETC) operations and customer management. Already active in the USA, the company currently deploys its transaction management system across almost 350 toll plazas in India.
Acquisition of this stake, intended to support growth of TollPlus, is the result of relations developed over a number of years with Cofiroute USA, VINCI Highways' American subsidiary, in back-office services for ETC.
After development of the SR91 Express Lane (worldwide first free-flow highway) in California in the 1990s, and rollout of Toll Collect operations (satellite-based truck tolling system) in Germany, VINCI is building on the experience acquired in ETC services.
With this stake, VINCI is strengthening its positions in the ETC market, set to grow sharply in the USA, Latin America, Europe and Asia.
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