Canadian publicly traded Enghouse Systems Limited has acquired Trafi Ltd., Lithuania’s leading provider of Mobility-as-a-Service (MaaS) solutions. The deal also marks another exit for Practica Capital, one of the Trafi first investors.

About Trafi

  • Trafi, founded in 2013 and based in Vilnius, offers a scalable and comprehensive MaaS platform designed to integrate complex transport networks into a single, user-centric application. The company's platform offering features such as real-time data mapping, in-app ticketing and payments, and comprehensive data analysis tools.

  • The company's white-label product enables cities and public transport authorities to connect various mobility options. These include public transport, car rental, taxi and micro mobility (bicycles, scooters etc), integrated into a unified, multimodal journey planning platform.

  • Trafi's solutions are trusted by major cities such as Berlin (Jelbi), Brussels (Floya), and Solent (Breeze).

Acquisition details

Enghouse Systems Limited has acquired Trafi Ltd. through a wholly-owned subsidiary.

"We're excited to join Enghouse and combine Trafi's cutting-edge MaaS technology with their global footprint and deep expertise in ticketing solutions. Together, we can accelerate and bring integrated, user-friendly mobility experiences to even more cities around the world," says Damian Bown, CEO of Trafi.

  • Enghouse Systems Ltd. is a Canadian publicly traded company (TSX:ENGH) offering enterprise software solutions for sectors such as contact centers, video communications, healthcare, telecommunications, public safety, and transit. 

  • The company focuses on internal growth and acquisitions, funded by operating cash flows, with no external debt. Enghouse operates in two business segments: the Interactive Management Group and the Asset Management Group.

The deal also marked an exit for Practica Capital, a Vilnius-based €80 million early-stage investment fund focusing on the Baltic startup scene. The fund’s recent portfolio includes Qminder, Eany.io, and AMLYZE.