الشركات VITRONIC Group Confirms Acquisition Plans by ITIS Holding, a PPF Group Company 

VITRONIC Group today announced its forthcoming acquisition by ITIS Holding, a PPF Group Company. After finalization of the transaction VITRONIC will join the other companies held by ITIS Holding. The move is set to leverage the strengths of both entities, creating a truly global powerhouse in Intelligent Traffic, Infrastructure and Automation Solutions.  

This strategic alliance not only guarantees substantial growth but also underscores the commitment to delivering innovation and outstanding services tailored to the clients' needs, offering a comprehensive range of solutions. 

For four decades, the VITRONIC Group has been a constant innovator in the field of machine vision. With activities in Traffic Enforcement, Tolling and Industry Automation, VITRONIC has a worldwide reach into multiple vertical markets, making it a world leader in machine vision solutions. 

ITIS Holding, an experienced leader in operating toll collection schemes, covers the activities of the PPF Group in the field of investments in intelligent transport infrastructure.  The expansion of ITIS Holding by VITRONIC will strengthen ITIS Holding's ability to enhance its portfolio of various technologies, strengthen its R&D and innovation capabilities and accelerate its global growth. 

PPF Group is an international investment group founded in Czech Republic in 1991. PPF invests into companies combining innovation and advanced technologies with efficient management and operations. As of 30 June 2023, the Group owns assets valued at EUR 43.5 billion and employs 52,000 people globally. 

The transaction not only combines technology leadership with operational excellence, but it also has significant benefits in terms of market coverage. ITIS Holding is active in the CEE region, the Balkans, Indonesia and India, complemented by the VITRONIC Group, with its global operations with a strong presence in North and South America, Europe, Middle East, Asia, Africa, and Oceania. 

Completion of the transaction is subject to review by antitrust authorities in Germany and other countries. The parties have decided not to disclose the financial parameters of the transaction.