Teleste Acquires Mitron
Teleste, the international technology group, has acquired Mitron. Mitron will continue its activities as an independent company as part of the video surveillance business unit within Teleste’s Video and Broadband Solutions Business Area and with its current management.
Both Mitron and Teleste have a strong, international customer base. Teleste has profound expertise in providing video surveillance solutions for major rail operators such as CTA in the US and the SNCF in France as well as world class references from large networked video surveillance projects.
"We are delighted to join the Teleste team as the acquisition enables us to reach a wider market for both Teleste and Mitron products. With joined forces, we can offer the rail market with a seamless and complete end-to-end solution fit for any rail operator and rail car manufacturer", states Lasse Orre, CEO of Mitron Group Oy Ltd.
A major aim of the transaction is to answer to rail operators’ growing demands of end-to-end solutions that enable more efficient operations with enhanced passenger service and security throughout the rail ecosystem. Both Mitron and Teleste have been granted an IRIS certificate, and the acquisition further increases their compliances in providing high standard solutions that are specified for the needs of the rail industry.
Together Teleste and Mitron form one of the leading providers in the market offering the rail industry complete solutions for stations, rail cars and wireless data transmission between these two. The solution supports wireless offload from rail cars as well as real-time connectivity with live video transmission between rail cars and stations, and includes advanced passenger information and CCTV systems both in rail cars and at the station.
Key benefits for the operators are accurate and timely information as well as rapid and correct situation awareness and actions. In short, the solution ensures that the right message is delivered to the right people and at the right time. In addition to improved safety of operations and passengers the solution also helps rail operators offer more advanced, better quality passenger services through e.g. live onboard entertainment.
"There is growing demand for more capable video security and real-time information management solutions in the rail segment. The customers are looking for end-to-end solutions that enable them to improve operational efficiency and security, and offer better quality passenger services", says Johan Slotte, Deputy CEO of Teleste Corporation. "Teleste is aiming to provide the rail market with a complete solution that fulfils our customers’ wishes, and joining forces with Mitron meets that target in the most efficient way."
The two former majority shareholders of Mitron, Heino Ruottinen and Juha Siitonen, will continue to be members of the board of directors of Mitron Group’s mother company. No personnel reductions are planned as a result of the acquisition.