Nomad Digital, an IT solutions provider to the rail sector, has been acquired by railway TravelTech firm Alstom.
Based in Paris, Alstom will purchase Nomad Digital from Amadeus Capital Partners, SEB Venture Capital and Deutsche Telekom Strategic Investments and other investors.
The acquisition of Nomad Digital, which offers a range of applications and connectivity solutions to the rail industry, will help accelerate Alstom’s vision of making the ‘digital train’ a reality.
Andrew Taylor, group CEO of Nomad Digital, commented: “Alstom’s acquisition of Nomad is fabulous news for our staff, our customers and our partners around the world. The Nomad team is joining a truly great company with a common culture of innovation and values-based approach to doing business in the rail sector.
“From day one we will have a joined-up strategy and vision around the realisation of the ‘digital train’. We look forward in the weeks and months ahead to strengthening our capabilities in this domain, and ensuring that we maintain our focus on delivering innovative solutions and services to both our current and new customers around the world,” he added.
The transaction, which remains undisclosed, is set to complete in January 2017.
Anne Glover, CEO of Amadeus Capital Partners, said: “Amadeus Capital Partners first invested in Nomad Digital in 2006 as we foresaw the increasing demand from rail passengers for better internet connectivity during journeys. We are delighted that a major rail company has recognised the value of Nomad’s visionary strategy, which has expanded to the fully ‘connected train’, and the global footprint they have achieved.”