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Announced

Edenred completed the acquisition of a 51% stake in Greenpass for $15m.

Financials

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Transaction Value£12m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Brazil

Cross Border

Private

parking technology

toll colection

Acquisition

Completed

Single Bidder

Mobility

Friendly

Majority

Synopsis

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Edenred, a digital platform for services and payments, completed the acquisition of a 51% stake in Greenpass, an automatic toll and parking payment solutions provider, for $15m. "We’re delighted to be joining Edenred, the leader in fleet and mobility solutions in Latin America. This deal will enable us to combine Ticket Log’s commercial fire power with our teams’ technological expertise and become a fully integrated part of its ecosystem of connected services so we can continue to expand and enrich our innovative offering on the dynamic Brazilian toll market," Joao Cumerlato, Greenpass CEO.

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