ITIS Holding has received all necessary regulatory approvals from antitrust authorities in Germany and other relevant countries to acquire German VITRONIC Group. Continuing to develop R&D and production capabilities within VITRONIC’s facilities in Germany, ITIS Holding is ready to accelerate the entire group’s growth, aiming to establish itself as a leading ITS provider with global reach.

ITIS and VITRONIC complement each other perfectly in terms of the solutions provided and regional reach. The complementary nature of both companies allows the creation of a strong end-to-end ITS and automation provider with a comprehensive range of sustainable solutions for urban mobility, tolling, road safety, traffic enforcement and automation, with delivery capabilities almost anywhere in the world.

“ITIS Holding offers a proven best-in-class satellite tolling solution, while VITRONIC is a global leader in road safety and automation segment using innovative machine vision technology. We approach the acquisition of VITRONIC as a long-term strategic investment. By connecting these two leaders from several industries, our ambition is to grow the entire group into a globally successful, large-scale ITS provider,” stated Matej Okali, CEO of ITIS Holding.

Upon the formal completion of the transaction, ITIS Holding will significantly enhance VITRONIC’s capital structure by contributing 50 million euros.

“This year, VITRONIC celebrates 40 years since its founding. Building up on this, I am confident that with the new ownership, the best years are still ahead for both traffic and automation industries. The complementary benefits between our solutions, products, software and services allows us to present our customers with a significantly broader range of advanced technological solutions. All of this continues to be supported by the esteemed ”German Engineered” concept,“ said Daniel Scholz-Stein, CEO of VITRONIC.

ITIS Holding is committed to developing VITRONIC’s business and maintaining continuity for both existing and new customers. Both ITIS Holding and the PPF Group are ready to accelerate the growth of the entire group by helping VITRONIC enter new markets or better serve existing ones.

About VITRONIC

VITRONIC is the world’s leading innovation driver for machine vision, enabling its customers to master the challenges of tomorrow.

The global group of companies develops forward-looking solutions in the form of specialized products and software for image-based quality inspection, identification and process optimization, which find application in the growth sectors of automation and traffic engineering.

VITRONIC solutions make an important contribution to helping shape a safe and sustainable world. The existing limits of what is economically feasible are constantly being questioned in order to achieve the highest quality and productivity, for example in the production of automotive and pharmaceutical companies. Worldwide, Auto-ID solutions in logistic centres and at cargo airports, take over the reliable and efficient recording of shipments and thus ensure a transparent flow of goods.

In the transport sector, VITRONIC offers leading technology for increased safety on the roads, for optimizing traffic flow and for recording road usage.

Open and honest dealings with our customers form the foundation for jointly exploiting technological and process potential to the full. Joint success forms the basis of long-term cooperation with companies such as B. Braun, BMW, Daimler, DHL, UPS, Fresenius and Sanofi as well as with public clients.

Since its foundation in 1984, VITRONIC has been growing continuously for 40 years. The current annual turnover (2023) is 241 million EUR and the company is currently represented on five continents in over 80 countries with approximately 1,400 employees.

The development and production of VITRONIC systems are located at the company headquarters in Wiesbaden. VITRONIC subsidiaries span across all continents, including North and South America, Europe, Middle East, Asia, Africa, and Oceania. Additionally, a global network of sales and service partners ensures localized support for international customers.

About ITIS Holding

At ITIS Holding, we focus on development of cutting-edge technologies for transport infrastructure and automation.

Our commitment to innovation and attention to detail allows us to assist clients in achieving ambitious sustainability and climate protection objectives. Our teams provide innovative and sophisticated services to facilitate traffic management and regulation, both in rural and metropolitan areas. With the robust capital base, knowledge, and extensive experience of our shareholders, ITIS Holding is well-positioned to accelerate growth, both organically and through strategic acquisitions. Visit www.itisholding.com

 PPF Group operates in 24 countries, investing in financial services, telecommunications, media, e-commerce, and other sectors, including real estate, biotechnology and transportation. PPF is a majority shareholder of Skoda Transportation, a leading European manufacturer of public transport vehicles. In 2022, the ITIS Holding was established with the ambition to profile the Group in the field of intelligent transport system solutions. PPF Group’s geographical reach spans Europe, North America, Asia and Africa. The Group owns assets valued at EUR 43.5 billion and employs 52,000 people globally (30 June 2023). More at www.ppf.eu.