Telepass S.p.A.51% Atlantia, 49% Partners Group
Description of the transaction
The sale of a 49% stake in Telepass to Partners Group was completed on 14 April 2021. The proceeds from the sale amounted to €1,056 million.
Strategic rationale for the transaction
Atlantia and Partners Group will support Telepass’s new strategic initiatives designed to accelerate the business’s growth and develop a pan-European platform, with the aim of making Telepass one of the leading integrated providers of technology-based and payment services in the European mobility sector. The key elements of this process will be the consolidation of the company’s presence in the electronic toll collection (ETC) market through both organic growth and acquisitions, the strengthening its "one-stop" payment solutions not only for consumers but also for the new corporate segment, and the growth of the insurance business through the creation of innovative policies. This will be accompanied by a continuing focus on ESG initiatives, including partnerships with emerging European smart cities with a view to optimising multimodal transport and cutting CO2 emissions.