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 complementarity 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.
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 complementarity 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.
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.
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 logistics centers 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 above 240 million EUR and the company is currently represented on five continents in over 80 countries with approximately 1,400 employees. Since 2024 the company is part of ITIS Holding, leveraging the strengths of both entities, creating a strong end-to-end ITS and automation provider.
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, Asia, Africa, and Oceania. Additionally, a global network of sales and service partners ensures localized support for international customers.