Bregal Milestone has acquired Ridango, a global public transport technology group, for an undisclosed amount. This transaction marks a significant corporate acquisition, transferring ownership of the innovative fare collection and mobility solutions provider. Founded in 2009, Ridango specializes in automated fare collection (AFC), real-time passenger information systems, automatic vehicle location tracking (AVL), and mobility-as-a-service (MaaS) technology.
Ridango's comprehensive suite of tools supports operational excellence across public transit systems worldwide. The company recently expanded its capabilities through the acquisition of uTrack, which provides agile tools for remote teams and frontline personnel. Ridango partners with transport authorities and operators to enhance the efficiency, accessibility, and sustainability of public transit for both customers and operators, addressing critical needs in modern urban mobility.
The acquisition by Bregal Milestone is a strategic move aimed at leveraging Ridango's established market position and advanced technology portfolio. This purchase is expected to enable Ridango to accelerate its growth initiatives, expand its geographical reach, and further develop its integrated public transport solutions. The focus will be on strengthening Ridango's offerings in critical areas such as smart ticketing, real-time data, and seamless passenger experiences, by providing resources for further innovation and market penetration.
This corporate acquisition is anticipated to bolster Ridango’s capacity to serve a growing demand for sophisticated public transport infrastructure. The combined entity is poised to drive continued advancements in urban mobility, supporting the modernization and digital transformation of transit systems globally. The change in ownership is set to enhance Ridango's ability to deliver sustainable and efficient transit solutions.