Trapeze Group, a Mississauga-based transit consultant and software company, has bought German ticketing company Elgeba Gerätebau GmbH, beefing up its portfolio of services for transportation companies internationally.
Trapeze offers planning and scheduling services to transit companies, and, in acquiring Elgeba, will also be able to offer ticketing and fare management services.
The company, which lists Yale University among its past clients and has offices in Mississauga and various small U.S. cities, announced the acquisition Monday.
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At Yale, Trapeze brought in software to streamline a campus shuttle program's schedule and provide riders with more accurate vehicle arrival times.
Elgeba, based in Aegidienberg, Germany, develops ticket machines and validators and has also designed an electronic ticketing system.
Trapeze is a subsidiary of Volaris Group, which is a division of Toronto's Constellation Software Inc. Both are software companies that acquire and grow businesses within specific industries, including transit and rental management.