VINCI Acquires a Stake in ETC Systems Developer TollPlus

VINCI, the global toll roads concession and construction company based in Paris, announced that it has taken an unspecified “strategic stake” in TollPlus, the Phoenix-based developer of electronic toll collection systems, through its VINCI Highways subsidiary. In its news release, VINCI said the acquisition is intended to “strengthening its positions in the ETC market, set to grow sharply in the USA, Latin America, Europe and Asia,” and support TollPlus growth. Cofiroute USA, VINCI Highways’ American subsidiary, and TollPlus have developed a relationship working on ETC back-office services projects.