MESA, Ariz., July 1, 2021 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announces today that its subsidiary has been chosen by one of the leading integrated mobility providers, Eurowag, to provide toll payment processing services for Heavy Goods Vehicle (HGVs) clients in Spain and Portugal. The two companies mutually agreed to terms for an agreement into 2026.
Verra Mobility's leading toll management and payment processing capabilities will enable Eurowag customers to use expedited electronic toll lanes in both Spain and Portugal to optimize transport while making sure tolls are accurately paid and recorded.
"We are thrilled to be partnering with Eurowag, a leading provider of on-road mobility solutions for HGVs in Europe," stated Tsjerk-Friso Roelfzema, Senior Vice President and General Manager for Verra Mobility Europe. "Our innovative toll management services enable us to provide a consolidated and seamless toll payment solution that will enhance the overall driver experience and add efficiency for their commercial fleet customers. Like Eurowag's pledge to improve the overall mobility experience for their clients, our commitment to simplify a complex tolling network and create a true pan-European toll management solution pays dividends for our partners."
Verra Mobility specializes in offering innovative toll management services for fleet owners, operators, and service providers throughout Europe. The company's services remove the complexity of a disjointed European toll infrastructure with interoperability while streamlining account management and electronic payments to create a better on-the-road experience. As a certified European Electronic Toll Service (EETS) provider, Verra Mobility is strategically positioned to offer more service providers like Eurowag with increased capabilities.
"After an exhaustive search for a strategic partner that could meet our stringent requirements, we are happy to have selected Verra Mobility," stated Christoph von Krockow, Managing Director of Toll at Eurowag. "The toll management services from Verra Mobility will improve experiences for our customers in Spain and Portugal and will be transformational for drivers of HGVs with our current mobility solution. Drivers in Spain and Portugal will no longer need to stop at toll gantries to pay for their tolls, wasting valuable time. A more seamless mobility experience for our clients means faster, more efficient transport."
About Verra Mobility
Verra Mobility is committed to developing and using the latest in technology and data intelligence to help make transportation safer and easier. As a global company, Verra Mobility sits at the center of the mobility ecosystem – one that brings together vehicles, devices, information, and people to solve complex challenges faced by our customers and the constituencies they serve.
Verra Mobility serves the world's largest commercial fleets and rental car companies to manage tolling transactions and violations for millions of vehicles. As a leading provider of connected systems, Verra Mobility processes millions of transactions each year through integration with more than 50 individual tolling authorities and connectivity with more than 450 issuing authorities. Verra Mobility also fosters the development of safe cities, partnering with law enforcement agencies, transportation departments, and school districts across North America operating thousands of red-light, speed, bus lane and school bus stop arm safety cameras. Arizona-based Verra Mobility operates in more than 15 countries. For more information, visit www.verramobility.com.
With a history spanning 25 years of innovation, Eurowag is one of the fastest growing integrated commercial mobility solution providers in Europe. Eurowag's aim is to simplify the lives of road transport operators and deliver affordable solutions to their business needs, whether it's fuel, toll payments, tax refunds, fleet management, financial services, or simple advice.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about Verra 'Mobility's plans, objectives, expectations, beliefs and intentions and other statements including words such as "hope," "anticipate," "may," "believe," "expect," "intend," "will," "should," "plan," "estimate," "predict," "continue" and "potential" or the negative of these terms or other comparable terminology. Such statements are based upon the current beliefs and expectations of the management of Verra Mobility and are subject to many risks and uncertainties. Actual results may differ materially from the results anticipated in the forward-looking statements and the assumptions and estimates used as a basis for the forward-looking statements.
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SOURCE Verra Mobility