Acquisition of MultiQ Denmark A/S strengthens Journeo’s Intelligent Transport solutions and SaaS capabilities in Scandinavia
Journeo is delighted to announce the acquisition of MultiQ Denmark A/S from Vertiseit AB.
MultiQ is a leading provider of Intelligent Transport solutions with customers in Denmark, Sweden and Iceland.
This move strengthens Journeo’s existing presence in the Nordic market which already includes an engineering team in Sweden. The acquisition will serve as the foundation for long-term growth in the region and includes the MultiQ brand, technology and team of specialists, who will continue to operate from the company’s headquarters in Aarhus, Denmark.
Both current and future customers of Journeo and MultiQ now have access to both brands’ Intelligent Transport solutions, from passenger information and dynamic customer information systems to onvehicle technology and intuitive, SaaS-based fleet and data management tools.
Russ Singleton, Chief Executive Officer at Journeo plc, commented: “This is an exciting time for Journeo plc 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.”
Notes to editors
1. Journeo plc is a leading Intelligent Transport Systems provider, delivering solutions in towns, cities, airports and the public transport networks that connect them. The Company works extensively with local and combined authorities, Network Rail and many of the largest multinational transport operators, supporting them as systems converge towards a more efficient and sustainable future.
2. MultiQ is a leading full-service provider of Intelligent Transport Systems (“ITS”) with customers in Denmark, Sweden and Iceland.
3. Based in Aarhus, Denmark, MultiQ is one of the market leaders in developing and supplying public information systems for bus travel.
4. MultiQ Denmark A/S and its’ ITS business was a part of the MultiQ group, which was acquired by Vertiseit in 2022. By the acquisition, MultiQ Denmark A/S is now a wholly owned subsidiary of Journeo and will continue to operate under the MultiQ brand.
Journeo is a pioneering technology group that helps the transport community deliver services with confidence, connecting millions of journeys, in real-time, every day.
We install, integrate and maintain market-leading technology and infrastructure systems, manufactured by ourselves and our trusted partners, to deliver smarter, safer and more sustainable transport services.
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We are constantly developing and innovating solutions to support our customers legacy systems, current technologies and future plans, giving their passengers the peace of mind to choose public transport.
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For further information please contact:
Group Development & Communications Director – Journeo
0203 651 9166
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0203 651 9166