ASK SA

ASK SA is a French company specializing in secure contactless technology solutions, focusing on innovative applications in transportation and smart city environments. Founded in 1997 in France, ASK SA operates in the field of secure contactless technology solutions. The company has executed a total of 8 deals and recently went through an IPO, raising EUR 21. 90 mn.

The founder's details are not publicly available. ASK SA offers a range of products including advanced ticketing systems, RFID solutions, and e-ID technologies. Their innovative XgenTag series features batteryless Bluetooth Low Energy (BLE) tags aimed at enhancing real-time location tracking across various sectors. The firm caters to a broad client base, including public transport operators and urban municipalities, with implementations in over 100 cities globally, responding to the demand for convenience and security in public transport systems.

In the most recent fiscal year of 2024, ASK SA reported a revenue of EUR 260,951,409. 90 and an EBITDA of EUR 32,695,343. 80. The company's revenue generation is anchored in providing comprehensive B2B solutions, which include long-term contracts and customized products for transport operators, retailers, and industries requiring identification and tracking technologies.

ASK SA plans to launch new products designed to enhance their service offerings and expand into new geographic markets. Although specific product launch dates are not provided, the company's recent IPO funding will support these strategic initiatives. Furthermore, the firm aims to target expansion into additional international markets, leveraging its established technology to meet evolving client needs. Kreos Capital's acquisition of ASK has positioned the company for further growth, although financial details of the deal were not disclosed.