M&A Deal Summary

Modaxo Acquires Fara

On November 29, 2023, Modaxo acquired internet software and services company Fara from Ticketer

Acquisition Highlights
  • This is Modaxo’s 1st transaction in the Internet Software and Services sector.
  • This is Modaxo’s 1st transaction in Norway.

M&A Deal Summary

Date 2023-11-29
Target Fara
Sector Internet Software and Services
Buyer(s) Modaxo
Sellers(s) Ticketer
Deal Type Divestiture

Target

Fara

Trondheim, Norway
Fara is a bus travel saas company that provides ticketing solutions including smart card and electronic ticketing, as well as account-based next-generation ticketing (NGT). Fara was founded in 2005 and is based in Trondheim, Norway.

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Buyer(S) 1

Buyer

Modaxo

Mississauga, Ontario, Canada

Category Company
Founded 2010
Sector Information Technology
DESCRIPTION

Modaxo is a global technology organization passionate about moving the world’s people. Working both together and independently, its collection of businesses is committed to delivering software and technology solutions that help connect people with the places they need to go for work, family, and everyday life. Modaxo was formed in 2010 and is based in Mississauga, Ontario.


DEAL STATS #
Overall 4 of 7
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 3
Country: Norway M&A 1 of 1
Year: 2023 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-30 Civix CI

Metairie, Louisiana, United States

Civix CI’s solution portfolio provides an integrated software platform known as AirportIQ for airports including Hartsfield-Jackson Atlanta International, the Houston Airport System, JFK, and San Francisco International. AirportIQ empowers staff to manage their revenue, safety, and security programs, airport operations, and key resources. Civix CI is based in Metairie, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-28 Conduent - Curbside Management and Public Safety Businesses

Florham Park, New Jersey, United States

Conduent's Curbside Management and Public Safety Businesses provides parking management systems to the public sector, while their Public Safety business provides traffic management solutions such as automated photo enforcement for speed and red-light violations processing to its government clients. Conduent's Curbside Management and Public Safety Businesses is based in Florham Park, New Jersey.

Buy -

Seller(S) 1

SELLER

Ticketer

Berkshire, United Kingdom

Category Company
Founded 2009
Sector Software
DESCRIPTION

Ticketer inspires the personalization of public transportation, through market-leading ticketing products that are customized for operators, and individualized to the lives that passengers lead. Committed to making public transport better, Ticketer drives transportation income, insight, and operations for operators and makes travel easier for passengers. Operators can access ticket sales data, view performance, and manage fares from anywhere with an internet connection. The system is fully supported by a hosted service, nothing is installed on-site, so costs are low. Ticketer was formed in 2009 and is based in Berkshire, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-02 Fara

Trondheim, Norway

Fara is a bus travel saas company that provides ticketing solutions including smart card and electronic ticketing, as well as account-based next-generation ticketing (NGT). Fara was founded in 2005 and is based in Trondheim, Norway.

Buy -