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Enters into Agreement to Acquire Fare Logistics
MISSISSAUGA, ON - April 28, 2014
 

Trapeze Group (“Trapeze”) today announced that it has entered into an asset purchase agreement to acquire Fare Logistics of Victoria, British Columbia, Canada. The potential acquisition represents Trapeze’s continued investment in fare collection solutions to the passenger transportation industry.

“Fare Logistics and Trapeze have been partners on projects over the years and share mutual customers,” said John Hines, President of Trapeze Group in North America. “Pending the successful closing of the acquisition, we look forward to incorporating Fare Logistics’ strengths and capabilities into the greater Trapeze offering.”

Fare Logistics is a solution provider to the transit industry with a focus on all aspects of fare acceptance including ridership/boarding, embedded devices, cash processing, media technologies, analysis & reporting and system management.  Fare Logistics started operations in the late 1980’s with development of a proprietary card payment system for use in multiple applications.

“We are excited at the prospect of growing our business as part of Trapeze, stated Vanessa Rodenburgh, President at Fare Logistics. “We recognize that Fare Collection is evolving so partnering with Trapeze in their offering of a total and fully integrated enterprise solution makes ultimate sense for our customers, our employees and the market.”

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