ITIS Holding buys Vitronic
01.02.2024 - The Vitronic Group is to be taken over by ITIS Holding. ITIS is a company of the PPF Group, an international investment company.
The Vitronic Group announced the planned acquisition by ITIS Holding, a PPF Group company. This alliance is expected to bring growth to the company and also reinforces both partners' commitment to innovation and world-class services tailored to customers' needs and offering a wide range of solutions. The completion of the transaction is subject to review by the antitrust authorities in Germany and other countries. The parties have decided not to disclose the financial parameters of the transaction.
ITIS Holding, a long-standing market leader in the operation of toll systems, covers the activities of the PPF Group in the field of investments in intelligent transport infrastructure. The expansion of ITIS Holding by the Vitronic Group strengthens the overall portfolio with various technologies, expands R&D and innovation capacities and accelerates global growth.
PPF Group is an international investment group founded in the Czech Republic in 1991. PPF invests in companies that combine innovation and advanced technologies with efficient management and operations. As of June 30, 2023, the group holds shares with a total value of EUR 43.5 billion and employs 52,000 people globally.