BaltCap has sold its majority stake in Ridango, an intelligent transportation software company, to Bregal Milestone, positioning Ridango for accelerated growth in the public transport sector.
Information on the Target
Ridango, established in 2009, is a prominent global leader in intelligent transportation software tailored for public transport authorities, municipalities, cities, and private transportation operators. The company has developed one of the foremost automated fare collection and operations control software platforms worldwide, which currently supports over 150 clients across more than 25 countries on five continents.
With a commitment to innovation and excellence, Ridango plays a crucial role in modernizing transit systems and enhancing passenger experiences. The leadership team, including Founder and CEO Erki Lipre, is dedicated to advancing sustainable public transportation solutions in urban environments.
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Industry Overview in the Target’s Specific Country
The public transportation sector in Estonia is undergoing significant transformations aimed at enhancing efficiency and sustainability. Innovations in technology and digitalization have paved the way for i
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Bregal Milestone
invested in
Ridango
in 2023
in a Growth Equity & Expansion Capital deal