FARA acquired by global technology collective Modaxo Inc.
Ticketer have announced the acquisition of its Nordics-based subsidiary FARA by global technology firm collective Modaxo Inc. (“Modaxo”).
Acquired by Ticketer in 2019 whilst continuing to operate as a separate entity, FARA is a valued provider of software and technology solutions to the public transport industry in the Nordics. Operating for over 20 years, FARA specialises in multi-modal Account Based Ticketing, Real-Time-Information platforms and predictive fleet operations. Ticketer is excited to see FARA embark on its next chapter and expand its reach with the partnerships and collaboration the Modaxo collective will provide.
Established in 2020, Modaxo is a global collective of technology companies which are passionate about moving the world’s people. Their businesses are committed to delivering software and technology solutions that help connect people with the places they need to go for work, family, and everyday life.
Businesses under the Modaxo banner include AEP, Binary System, Cittati, Empresa1, Holmedal, Imperial, PLANit, Signature Rail, Systemtechnik, TransTrack Systems, Trapeze Group, and TripSpark.
Laurent Eskenazi, Head of UK/Europe at Modaxo, says: “We are delighted to welcome Josef Salpeter and his team into the Modaxo family of companies. FARA’s proven technology will strongly complement our existing offering in the Transportation domain, and we are looking forward to leveraging our existing footprint to grow FARA’s business.”
Kelly Hanna, Ticketer Chief Executive Officer, comments: “We’re really excited to see what the future holds for FARA. We’ve enjoyed a great partnership where we’ve been able to benefit from sharing knowledge and innovations within our respective public transport industries, and we’re looking forward to seeing what FARA delivers in the Nordics working within the Modaxo collective.”
For further information please contact:
Mercedes Llewellyn
mercedes.llewellyn@ticketer.co.uk