Journeo says it is delighted to announce the acquisition of MultiQ Denmark, a provider of intelligent transport solutions with customers in Denmark, Sweden and Iceland, from Vertiseit in a move which it says strengthens Journeo’s existing presence in the Nordic market, where it already has an engineering team in Sweden.
The acquisition will serve as the foundation for long-term growth in the region, says Journeo, and includes the MultiQ brand, technology and team of specialists, who will continue to operate from the company’s headquarters in Aarhus, Denmark. The acquisition will give current and future customers of Journeo and MultiQ access to both brands’ intelligent transport solutions, from passenger information and dynamic customer information systems to on-vehicle technology and SaaS-based fleet and data management tools.
Russ Singleton, Chief Executive Officer at Journeo, commented: “This is an exciting time for Journeo and I’m delighted that MultiQ has joined the Journeo Group of companies. MultiQ is a market leader in developing public information systems for transport operators and authorities. They have considerable expertise in fleet management software, on-board passenger infotainment, indoor and outdoor real-time display systems, and a reputation for high quality designs and installations.
“This highly complementary acquisition gives Journeo a leading position in the ITS market in Denmark and further strengthens our ambitions in the Nordic markets.”
Mads Hansen, Managing Director at MultiQ Denmark, added: “This move enables MultiQ to focus on delivering high-quality ITS technology and SaaS solutions to our customers across the region.
Becoming part of the Journeo group of companies also allows us to broaden the range of solutions we offer and support Journeo plc’s development.”
