Mitron Group Oy Ltd.

Mitron Group Oy Ltd. specializes in advanced public transport solutions, offering innovative on-board systems for passenger information delivery to enhance communication in diverse environments. Mitron Group Oy Ltd. , now operating as Teleste Information Solutions, focuses on developing tailored solutions for public transport operators and rolling stock manufacturers.

The company is headquartered in Forssa, Finland. It was acquired by Teleste Corporation in January 2015, marking a strategic pivot in its business operations. The latest funding round was a GROWTH round, raising EUR 3. 00 mn from investors including Pension Fennia and Tesi, bringing the total amount raised to EUR 3.

00 mn. Mitron, now operating as Teleste Information Solutions, provides advanced public transport solutions designed for operators and rolling stock manufacturers. Their product line includes on-board systems for passenger information delivery, which features audio communications, infotainment, onboard CCTV, and passenger counting technologies. These products are developed in collaboration with international rolling stock manufacturers, ensuring reliability and clarity of information for passengers in various environments.

Their primary clients are public transport operators across Europe and North America. In the most recent year, 2016, Teleste reported a revenue of EUR 0 mn and an EBITDA of EUR -26,083. 1. Teleste Information Solutions plans to leverage recent funding to develop new products aimed at enhancing passenger information systems and video security technologies.

The company is targeting expansion into new markets, including specific regions in Europe and North America, by the end of 2017. The recent GROWTH funding will support these initiatives, allowing for increased investment in product development and market outreach.