Masabi has acquired UK-based Passenger Technology Group Ltd to enhance its SaaS fare collection capabilities, positioning itself for accelerated growth in the public transport technology sector.

Target Information

Masabi, a leading provider of enterprise-grade SaaS fare collection solutions for public transportation, has announced its acquisition of Passenger Technology Group Ltd, a UK-based company specializing in passenger information and ticketing technology. This strategic acquisition aims to enhance Masabi's offerings by integrating Passenger's expertise in mobile applications, websites, and real-time information systems, which are imperative for public transport authorities and operators across the UK.

The acquisition not only fortifies Masabi's comprehensive mobility solutions by combining its existing fare collection and payment systems under the Justride platform with Passenger's innovative products but also positions both companies to deliver an enhanced customer experience in public transportation services.

Industry Overview in the UK

The public transport sector in the UK is increasingly focusing on digital transformation, particularly through the adoption of mobile payment solutions and real-time user-information systems. This shift is driven by the need for a more efficient, customer-centric serv