The Mobitec Group, which is based in Herrljunga, Sweden, and maintains four additional locations around the world, was taken over by the US-based Luminator Technology Group on July 10. Mobitec, which manufactures electronic passenger information systems, belonged to the DRI Corporation. It was acquired in full by the Luminator Technology Group. Mobitec has thus joined a leading group of companies specializing in electronic information systems.
Mobitec and its sister company Twin Vision, which is based in the US, now belong to a group of companies that operate on a global scale. The Luminator Technology Group includes Luminator, Lawo and Focon, three companies that are known for their passenger information and lighting systems. The technologies developed by these companies are used in buses, trains and airplanes around the world.
“We’re delighted that Mobitec has become part of the Luminator Technology Group,” says Oliver Wels, Vice President of Global Sales & Marketing at the Luminator Technology Group. “Mobitec and all the other brands will continue to exist at their new parent company. For our customers, this means that we can continue to offer the products from the expanded group of companies and maintain the same high level of service quality.”
At the same time, the group plans to develop new technologies and a new global service network. “The merger will help make the Luminator Technology Group even more capable and customer-oriented in the future and will give our customers access to the full range of expertise available in the group”, adds Wels.
In the 2011 calendar year, the Luminator Technology Group generated $186 million in turnover and employed 600 workers. Turnover at the acquired company DRI totalled $82 million with over 260 employees in 2011. Its customers include numerous well-known bus manufacturers and transit operators around the world.