The Italian group Circle Spa, specialized in the analysis of processes and in the development of solutions for innovation and digitalisation of the port and intermodal logistics sectors, has acquired the business unit owned by Telepass Innova Spa, a subsidiary of Telepass Spa. The branch includes the Infomobility business unit created by the merger by incorporation of the company InfoBlu Spa into Telepass Innova, active in advanced monitoring and management of traffic on the Italian road and motorway network, and the Telematics business unit born from the merger by incorporation of the KMaster Srl company in Telepass Innova, active in the provision of telematics, platform-based services proprietary technology technologies, in favor of companies operating in the logistics, transport and insurance.

The business unit was purchased for a total of expected consideration of 6.2 million euros from eXyond, subsidiary of Circle. In the context of the transaction, a commercial agreement has also been signed between Telepass and Circle of ten-year duration that will allow Telepass to offer all the services of the business unit, strengthened and integrated with those of eXyond and Circle Group, as well as Circle to benefit from the strong expansion of Telepass' tolling services abroad, first and foremost in Central Europe, in France, Germany, all of the south and even the east Europe.