Sale of Passenger Technology Group Limited to Masabi Limited

BDO served as the lead M&A advisor to Passenger shareholders, maximising value during the sale to Masabi Limited.

Passenger is a UK-based provider of Mobility-as-a-Service software solutions, focusing on improving the experience of public transport users and operators. Passenger works with over 90 private transport operators and local transport authorities across the UK to offer platform solutions such as mobile and contactless ticketing, real-time journey information, live vehicle tracking, and personalised travel alerts. 
 

“A huge thanks to the BDO Tech M&A team for their hard work, support and guidance throughout the process. We were impressed by the team’s deep software expertise and sector knowledge, combined with their attention to detail and clear recommendations and pragmatic advice, helping us make informed decisions. This has led to an exceptional outcome and opportunity for the company, shareholders and employees. I can’t recommend the BDO team highly enough and wouldn’t hesitate to recommend them or re-engage their services in the future. Each member of the team was personable and a real pleasure to work with”

Tom Quay, Founder and CEO, Passenger

“The BDO Tech M&A team was delighted to advise the shareholders of Passenger on their sale to Masabi. We thank the management team for their trust in our software expertise and advice throughout the process, and we wish Passenger and Masabi every success as they continue their growth journey together.”

Paul Russell, Partner, BDO 

M&A Team: Paul Russell, Emma Greatrex, Dominique Kuttel