Arcontia International, Swedish producer of contactless smart card products and solutions for automatic fare collection (AFC) has been acquired by Lecip Holdings Corporation, a Japan-based manufacturer of products and solutions for the bus, train and automotive industry.
The acquisition will enable Lecip to expand its range of public transport products and solutions and further strengthen its strategy to become a leading supplier in integrated AFC systems and Intelligent Transportation Systems (ITS).
The acquisition will enable Lecip to expand its range of public transport products and solutions and further strengthen its strategy to become a leading supplier in integrated AFC systems and Intelligent Transportation Systems (ITS).
Arcontia has more than fifteen years of experience in the contactless smart card technology industry, focusing specifically on AFC solutions in public transport, designing and delivering contactless smart card readers and terminals, as well as implementing software services to major AFC schemes worldwide. Its services include support for open and closed loop payment schemes, including Mifare, EMV contactless and NFC.
According to Magnus Stahlberg, CEO of Arcontia , the two companies have collaborated closely for several years. “Lecip and Arcontia have taken the next step in combining our portfolios that will drive new market opportunities and further expand our expertise in the area of AFC solutions. I speak for the whole of Arcontia when I say that we are all very excited to be part of the Lecip organization and bringing our joint technologies and services to the market,” he says.
“The acquisition of Arcontia adds a number of innovative products and technologies to our portfolio that will allow us to reach new markets and grow revenues and earnings. By combining our resources and expertise with Arcontia, we see a tremendous opportunity for global growth,” says Makoto Sugimoto, CEO of LECIP Holdings Corporation.
Arcontia will retain its head office in Gothenburg, Sweden and continue to operate as a separate business unit.
