Transport display firm signals growth with swoop for counterpart

Infotec, the Ashby-based firm which makes signs and display equipment for the UK’s rail network, has been sold in an £8.7m deal to Journeo, based in the same Leicestershire town.

Infotec has over 15,000 displays in operation, and services approximately 80% of the UK’s rail network and is one of the few UK display companies that designs, manufactures, tests and distributes its own products, which include rail information displays for main, hub and small stations.

The deal will add around £12m of sales and approximately £2m of pre-tax profit to the enlarged group in the first full year following completion.

Russ Singleton, chief executive officer of Journeo, said: “We are delighted to announce the acquisition of Infotec, a leader in the rail passenger displays market.

“Both Infotec and Journeo have strong, organically-driven order books and the acquisition will accelerate Journeo’s growth into the rail market, which currently accounts for only around 10% of Journeo’s 10,000 SaaS connections, providing recurring revenue through the Journeo Portal. We envisage the addition of Infotec to the Enlarged Group will complement our bus and coach fleet operator solutions alongside our in-street passenger transport infrastructure and simultaneously provide cross-selling opportunities for both businesses.”