VINCI, via its subsidiary VINCI Highways, has taken a strategic stake in the capital of TollPlus
14 September 2016 - 6:45 pm - Acquisitions - United States of America
TollPlus, based in Phoenix (Arizona) 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.
TollPlus specializes in toll road back office system (BOS), image processing and clearing house systems The products are developed using advanced technologies that focus on significantly improving transportation agency efficiencies by reducing "operating expenses" and "increasing revenue", while ensuring the highest level of service to our customers. Started in 2009 and using the latest technologies, our team has created best-in-class systems that are comprehensive, scalable, lightweight, secure, and highly customizable enterprise technology built for the automated management of modern toll roads, parking facilities, ferry, metro and other transit operations. It has successfully deployed projects in North America and India and is working on projects in Europe. It is headquartered in Arizona, USA and has development team based in Hyderabad, India.
VINCI is a global player in concessions and contracting, employing close to 211,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. VINCI’s goal is to create long-term value for its customers, shareholders, employees, and partners and for society at large.