€2.7m invested in toll system

Dublin company Electro Automation has invested €2.7 million in its joint venture operation, eTrip Services.

19th May, 2007

Dublin company Electro Automation has invested €2.7 million in its joint venture operation, eTrip Services.

The company established eTrip in late 2005 in conjunction with French company Egis Projects. It has used the money to invest in a new tag-based electronic toll collection system.

Egis has matched Electro’s funding with an additional €2.7 million to fund the rollout of the new eTrip system across toll roads in Ireland.

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