Eventim's Q1 2019 results show growth in both revenue and earnings, while the company's financial performance has "accelerated" in Q2
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A joint venture between CTS and Kapsch TrafficCom will collect Germany's road infrastructure charge, in a deal worth €2bn+
By Jon Chapple on 19 Dec 2018
A new company 50% owned by CTS Eventim is to collect traffic tolls in Germany, after securing a 12–15-year contract from the ministry of transport.
The consortium, jointly owned Eventim and Kapsch TrafficCom, a supplier of electronic toll-collection systems, has been awarded the contract for collecting the ‘infrastructure charge’ for passenger vehicles, which goes towards maintaining Germany’s roads.
It is the first time CTS Eventim’s technology will be used for an application outside the ticketing sector, according to the company.
“We thank the federal government for its confidence in our digital, customer-centred approach”
The contract with the Federal Ministry of Transport and Digital Infrastructure (BMVI) – worth more than €2 billion – is initially for 12 years, with an option for a three-year extension.
Klaus-Peter Schulenberg, CEO of CTS Eventim, comments: “We thank the federal government for its confidence in our digital, customer-centred approach. At the same time, we greatly look forward to working with Kapsch TrafficCom to make this exciting project a success.
“We want to make the collection of the passenger vehicle toll as simple as possible for everyone.”
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