Monday, April 23, 2007

Spanish corporation acquires Texas electronic toll collection company

Abengoa's Telvent acquires US road toll technology company


AFX News Limited

MADRID (Thomson Financial) - Abengoa SA's IT unit Telvent GIT SA said its US arm Telvent Traffic North America Inc has agreed the acquisition for an undisclosed sum of Texas-based Caseta Technologies which develops road toll charging technology.

In a statement, Telvent said the deal forms part of its strategic plan to expand its global transportation business.


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