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.
About Eurowag
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.
Forward-Looking Statements
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.
Investor Relations Contact
Sajid Daudi
480-596-2050
ir@verramobility.co
Media Contact
Scott Brown
media@verramobility.com
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SOURCE Verra Mobility