Cammax acquired by Canadian tech group, Modaxo

Castleford-based Cammax has been acquired by Canadian transport technology group Modaxo.

Cammax, which manufactures self-service  touch screen ticketing machines commonly used in car parks, public transport stations and by the NHS, is now part of the Ontario-based group that owns a portfolio of transport software companies worldwide. Although the financial terms of the deal remain undisclosed, Modaxo executives praised Cammax for its strong reputation in the UK, particularly for developing customisable, user-friendly software for transport and parking operators.

The company, which employs around 40 people, counts Bristol City Council, West Midlands Combined Authority and Parking Eye among its clients.

Mr Rooney, managing director at Cammax, commented: “Joining the Modaxo family is an exciting milestone for Cammax. We share a common vision of transforming the transportation and parking experience through technology. Now with Modaxo we feel we can deliver even more value to our customers and drive the industry forward.”

Modaxo, with over £3 billion in consolidated revenues and a global workforce of 25,000, has confirmed that Cammax will retain its brand and operational independence while benefitting from investment and support from the wider group. Julian Rooney will continue to lead the business alongside the existing management team.

Laurent Eskenazi, head of EMEA, UK and Asia at Modaxo, said: “We are delighted to welcome Cammax and its employees and customers to the Modaxo family. Cammax’s impressive track record in simplifying travel and parking payments aligns with our vision of creating seamless mobility experiences for all.”