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Mission Accomplished! ITIS Holding, part of PPF Group, has completed the acquisition of the German VITRONIC Machine Vision 👏 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 Holding 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," stated Matej Okali, CEO of ITIS Holding. "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,“ 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. ITIS Holding and VITRONIC Machine Vision have successfully secured a EUR110m senior credit facility, which includes a term loan, revolving credit facility, and guarantee facility. This loan will be used to refinance existing debt and support working capital. Raiffeisen Bank International AG served as the Coordinator and Mandated Lead Arranger, while ČSOB, KBC Bank NV, and Komerční banka acted as Lead Arrangers, and HSBC (HSBC Continental Europe S.A.) acted as Arranger.; Press release 👉 https://lnkd.in/eMAKQsYW