Luminator Technology Group (LTG), a portfolio company of U.S. private equity firm Audax Group, has acquired Axion Technologies Ltd for an undisclosed amount. Axion, a designer, manufacturer and supplier of passenger information. communication and closed circuit television systems to the transit industry, has its headquarters in La Pocatière, Québec. Based in Plano, Texas, LTD is a provider of passenger information systems for public transit and aerospace markets. It was bought by Audax from Levine Leichtman Capital Partners earlier this year. Axion received an investment from private equity and venture capital firm Fondaction CSN in 2008.
Luminator Technology Group Acquires Axion Technologies
PLANO, Texas, Sept. 11, 2014 /CNW/ — Luminator Technology Group (LTG) is pleased to announce the acquisition of Axion Technologies.
Axion Technologies was founded in 1974 and designs, manufactures and supplies advanced Passenger Information, Communication and CCTV systems for the Mass Transit Industry.
The acquisition of Axion will enhance our Mass Transit portfolio and augment our offering in the passenger information and communication systems.
With the integration of Axion Technologies into the LTG family, “I am pleased to announce the appointment of Carl Cassista to the position of President for LTG Global Rail reporting directly to me” said Avi Zisman, CEO of Luminator Technology Group.
LTG will maintain our branding strategy of keeping the world-class products marketed under the Luminator, LAWO, Axion, Focon, Mobitec and TwinVision brand names independent to ensure continued support to our customers and maintain healthy competitiveness in the market place.
Through our individual brands and by combining our skills, experience and resources we will continue to provide the best and most comprehensive support to our customers operations worldwide.
LTG is a global supplier of passenger information systems for public transit and aerospace markets. For more information about LTG please visit our website at www.luminatortechnologygroup.com.
CONTACT: Paige Stone, 1-972-516-3062, firstname.lastname@example.org
SOURCE Luminator Technology Group
Photo courtesy of Shutterstock