Teleste takes over German iqu Systems
Through the acquisition, Teleste strengthens its offering of passenger information solutions for the public transport industry.
German iqu Systems provides intelligent passenger information systems and software, which will complement Teleste’s current range of services. Passenger information solutions are one of the company’s key focus areas.
The main aim of the purchase is to boost Teleste’s capabilities in providing modular solutions that meet operators’ demands for smooth and reliable delivery of passenger information. iqu System’s business comprises software solutions, displays and related services, and it holds a steady position in the German public transport market. This helps Teleste increase its market reach and presence in the region.
iqu Systems will continue with its current management as an independent company.
”We appreciate the deep experience iqu Systems has in the German public transport market and regard their understanding of customer requirements as a valuable asset when further developing our offering for public transport operators,” notes Esa Harju, head of Teleste’s video security and information business unit. “The public transport segment is one of the key focus areas for Teleste, and we aim to be the best partner for our customers when it comes to delivery and management of passenger information.”