Telepass has acquired a significant equity stake in Telepass. This strategic partnership is designed to accelerate the target’s existing growth trajectory, build scale across European markets, and establish a leading pan-European platform for customer-centric mobility services. The strategic rationale for the deal is rooted in the high-growth potential of the electronic payment sector and the resilience of the target's core electronic toll collection business, which provides stable, non-cyclical cash flows. The investment enables the target to focus on several value-creation initiatives, including the consolidation of the European market through both organic development and acquisitive growth, the strengthening of its "one-stop mobility payment" solution for B2B and B2C segments, and the scaling of mobility insurance coverage. By leveraging the acquirer’s global platform and operational expertise, the target is well-positioned to execute its inorganic growth strategy and further advance its technological capabilities. The transaction also places a strong emphasis on ESG initiatives, with the partners working alongside management to foster sustainable transport solutions that reduce urban congestion and carbon emissions.

TELEPASS, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the average currently observed in the Financial Services sector (14.0x).

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