Tech company LIT Transit acquired by Estonia’s Ridango

Ljubljana – LIT Transit, a Slovenia-based company providing IT solutions for public transportation, has been acquired by Estonian tech company Ridango to form a group that provides its services to transport agencies and operators in more than 25 countries. The value of the deal has not been disclosed. Ridango, which specializes in development of systems for public transport ticketing as well as payment solutions, sees the acquisition as a major milestone. In a press release Erki Lipre, Ridango chairman, was quoted as saying “the transaction will significantly increase our global…

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