|By Marketwired .||
|May 21, 2014 07:29 PM EDT||
MISSISSAUGA, ONTARIO -- (Marketwired) -- 05/21/14 -- Trapeze Group ("Trapeze") today announced that it has finalized the acquisition of Fare Logistics of Victoria, British Columbia, Canada. This acquisition represents Trapeze's continued investment in fare collection solutions to the passenger transportation industry.
"With the finalization of the acquisition of Fare Logistics, Trapeze further expands our fare collection offerings," said John Hines, President of Trapeze Group in North America. "We are very excited about the opportunities this acquisition provides our customers going forward."
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 1980s with development of a proprietary card payment system for use in multiple applications.
About Trapeze Group
Trapeze delivers solutions that consider the full 360 degrees of passenger transport. Whether addressing the needs of a single department, an entire organization, or the community, Trapeze provides some of the most advanced software, intelligent transportation systems and mobile technologies in the industry. Hundreds of government and commercial organizations across North America, Europe and Asia Pacific have turned to Trapeze to realize efficiencies, enhance the quality and scope of their services, and safely transport more people with less cost. Please visit www.trapezegroup.com.