Partners Group has agreed to acquire a significant equity stake in Telepass, an electronic toll collection (ETC) services provider in Europe. Following the acquisition, Partners Group will become joint owner of Telepass, with its current investor Atlantia, a global player in the transport sector.
The transaction values Telepass at an enterprise value of more than €2 billion ($x billion). Telepass provides electronic tolling services to some 7 million clients, with a strong asset base of more than 12 million active payment devices.
The infrastructure services business processes around €7 billion ($X billion) in annual transactions across 14 European countries, servicing more than 105,000 kilometers (65,244 miles) of motorway network. Telepass complements its core ETC services with other transport-related services, such as digital mobility payments, for example for fuel, parking, taxis, car and bike sharing services, as well as personal mobility insurance services.
