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LECIP HOLDINGS CORPORATION has completed the acquisition of Arcontia International AB.

Aug. 22, 2013
LECIP HOLDINGS CORPORATION, a leading Japan-based manufacturer of products and solutions for the bus, train and automotive industry, has completed the acquisition of Arcontia International AB, a Swedish producer of contactless smart card products and solutions for Automated Fare Collection (AFC).

The acquisition will enable LECIP to expand its range of products and solutions to the entire public transport industry, and further strengthen its strategy to become a leading supplier in integrated AFC systems and Intelligent Transportation Systems (ITS).

Arcontia has more than 15 years of experience in the contactless smart card technology industry, focusing specifically on AFC solutions in public transport. They have a long history of designing and delivering contactless smart card readers and terminals, as well as implementing software services to major AFC schemes worldwide. Their services include support for open and closed loop payment schemes, including MIFARE, EMV contactless and NFC.

gAfter a few years of close collaboration, LECIP and Arcontia have taken the next step in combining our portfolios that will drive new market opportunities and further expand our expertise in the area of AFC solutions. I speak for the whole of Arcontia when I say that we are all very excited to be part of the LECIP organization and bringing our joint technologies and services to the market,h says Magnus Stahlberg, CEO of Arcontia.

gThe acquisition of Arcontia adds a number of innovative products and technologies to our portfolio that will allow us to reach new markets and grow revenues and earnings. By combining our resources and expertise with Arcontia, we see a tremendous opportunity for global growth,h says Makoto Sugimoto, CEO at LECIP HOLDINGS CORPORATION.

About Arcontia
Arcontia International AB has been active in the smart card industry since 1996 and is today a leading producer of contactless smart card readers and terminals for e-ticketing and e-payment. The companyfs focus is to deliver reliable, high quality contactless smart card products, as well as implementing software services featuring the latest technology and market requirements in ticketing and payment. Arcontiafs head office is based in Gothenburg, Sweden and a local office based in Mexico City, Mexico.

LECIP HOLDINGS CORPORATION is a Japan-based holding company mainly engaged in the manufacture and sale of transportation machines. Incorporated in 1953 as the Sanyo Electronics Company, LECIP is a publically traded Japanese company listed on the Tokyo and Nagoya stock exchanges. Today, LECIP provides fare boxes, LED lighting for transit equipment, as well as LED signs and LCD displays for public transport.


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