September 20, 2023 [crocon media – msch] In a significant move, Kontron, a leading IoT technology company, has acquired Altimate, a Romanian frontrunner in urban and interurban mobility solutions. This acquisition not only amplifies Kontron’s foothold in the transportation sector but also accentuates its commitment to expanding its high-margin “Software + Solutions” segment.
Altimate’s two-decade-long expertise in urban traffic control, automated fare collection, tolling solutions, and traffic violations solution positions it as a market leader. With a diverse portfolio catering to airports, maritime ports, public transport, and tolling, Altimate’s software solutions are primed to revolutionize urban mobility. The company’s impressive roster of 191 employees, predominantly software engineers, brings unparalleled expertise in intelligent traffic solutions.
Financially, Altimate’s performance has been commendable. In 2022, the company reported revenues of EUR 19.6 million with an impressive gross margin of over 50%. The EBITDA stood at EUR 1.8 million. The future looks even brighter with a shift towards “Software as a Service” and “Mobility Infrastructure as a Service” projects. Integration with Kontron’s transportation business is expected to unlock high synergies, paving the way for marketing these complementary software products across Europe. By 2024, projections indicate revenues exceeding EUR 25 million and an EBITDA margin surpassing EUR 3 million.
For Kontron, this acquisition is a strategic move to bolster its “Software + Solutions” segment, which currently accounts for less than 20% of its revenues. With recent acquisitions and the integration of the existing transportation and susietec® business, this segment is poised to become Kontron’s largest by 2025, contributing to over 50% of the revenue by 2027.
With over 20 years of experience, Kontron AG stands as a beacon in the IoT technology landscape. The company’s intelligent solutions have been instrumental in driving business goals across diverse industries, from automated industrial operations and advanced medical solutions to smarter transport and energy solutions. Listed on the SDAX® and TecDAX® of the German Stock Exchange, Kontron’s global presence is marked by its 4,500 employees and subsidiaries in over 20 countries.
Editorial Disclosure: The editorial content on this page is not provided by any entity mentioned herein. Opinions expressed here are the author’s alone, and have not been reviewed, approved or otherwise endorsed by any of these entities.
Disclaimer: The author(s) of this article may or may not hold a position in the mentioned stock. None of the companies discussed in the above article have paid for this content. The information provided in this article should not be considered financial advice, and readers should always do their own research before making investment decisions. However, as with any investment, there are potential risks and uncertainties to consider, such as potential regulatory changes, market volatility, and competition from other players in the industry. It is important for investors to carefully monitor this stock and its performance over time to make informed decisions about their investments. crocon media is a project of The SiLLC Assembly. This site is for entertainment purposes only. The owner of this site is not an investment advisor, financial planner, nor legal or tax professional and articles here are of an opinion and general nature and should not be relied upon for individual circumstances. This article is for informational purposes only and should not be considered financial advice. Investing in stocks involves risk, and readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions.