Verra, a US based SJE Group investment and a global leader in smart transportation, has agreed to acquire Spanish company Pagatelia; a European leader in electronic tolling throughout Spain, Portugal, France and Italy.
Pagatelia’s platform manages electronic tolling transactions from more than 500,000 devices. Current customers include highway and parking operators, car manufacturers, financial institutions and individual drivers. Virtual payment accounts are created on the Pagatelia platform for tolling and parking payment where customers can choose from various tolling plans that enable access to toll roads across four countries without ever stopping at queues or paying penalties.
This acquisition enables Verra to accelerate its expansion of tolling solutions for rental car and fleet companies across Europe in a rapidly growing global tolling market expected to multiply from 196 million tolling vehicles to more than 540 million by 2025.
This follows Verra's acquisition of European Parking Collective last year, followed by its partnership with APPR in May 2019.
The SJE Group congratulates David Roberts (CEO, Verra), Ramón Cereijo (CEO, Pagatelia) and their Executive teams.