Article Highlights

Key Takeaway:

Fare-system vendor Ridango, backed by a new private equity firm, said it might look for additional acquisition targets. While focusing on the Nordics, the vendor says it will continue to bid on global tender requests.

Key Data:

• Table: Ridango financial figures, 2020-2023

• Document: Ridango annual report, 2023

Organizations Mentioned:

• Ridango
• Bregal Milestone (PE)
• BaltCap Private Equity
• Mikroelektronika.
• Sfey Pay

The chief of fare-system supplier Ridango says the vendor doesn’t plan “any shift in the company’s strategic direction” now that it has a new majority owner. But he added that the company will be “more active in mergers and acquisitions.”

Ridango founder and CEO Erki Lipre was responding to questions from Mobility Payments about UK-based private equity investor Bregal Milestone becoming the majority shareholder of Ridango, buying out

Subscription Required

CLOSE

This premium content is only available to subscribers

Article has about740words.

To keep reading, subscribe today

Get access to premium content from the only global publication devoted exclusively to mobility payments by subscribing today to the most authoritative source for news and analysis in the industry.

Subscription Options

Already a member? Log in here