Techstep, in collaboration with ISS Facility Management AB, has won a tender for
the delivery of ticketing solutions for Stockholm's public transport system, SL.
Acting as a subcontractor to ISS, Techstep will deliver a customised mobile
technology solution to be used by the ticket inspectors. The solution comprises
mobile devices, own software, managed services and security, as well as tailored
development, alongside consultancy services during the implementation phase.
Techstep and ISS has together successfully provided ticketing solutions to SL
since 2013. This newly awarded contract replaces the existing agreement which
expires by the end of December 2024, and includes both additional users, devices
and services.
"We are very proud to earn the renewed trust of SL and help improving the public
transport experience for Stockholm's travellers by delivering a cutting-edge
ticketing solution. This is a significant contract within the Swedish ticketing
segment, and strengthens Techstep's position in an accelerating digitalisation
within the public transport sector", says Morten Meier, CEO of Techstep.
The total contract value is estimated to SEK 30 million over a four-year period,
featuring recurring revenues annualised of SEK 6.5 - 7.7 million and one-time
implementation revenues of SEK 1.5-2.5 million. The agreement also includes
options of potential extensions for an additional four years.
For more information:
Morten Meier, CEO, Techstep ASA, tel: +47 970 57 717
About AB Storstockholms Lokaltrafik
AB Storstockholms Lokaltrafik (SL) is the public transportation authority in the
County of Stockholm. Every day, around 800 000 people travel by public
transport, such as metro, buses, commuter trains and local railways. SL has the
overall responsibility for ensuring that everyone who lives in, or visits,
Stockholm has access to well-developed, easily accessible and reliable public
transport. It is SL's responsibility to develop and find new solutions for the
public transport system. It is also SL that procures the services and ensures
that the contractors running these services keep to their agreements.
About ISS Facility Management AB
ISS is a leading workplace experience and facility management company. In
partnership with customers, ISS drives the engagement and well-being of people,
minimises the impact on the environment, and protects and maintains property.
ISS brings all of this to life through a unique combination of data, insight and
service excellence at offices, factories, airports, hospitals and other
locations across the globe. ISS has more than 350,000 employees around the
globe. In 2022, ISS Group's global revenue amounted to DKK 76.5 billion. For
more information on the ISS Group, visit www.issworld.com.
About Techstep ASA
Techstep is a mobile technology company, enabling organisations to perform
smartly, securely, and sustainably by combining mobile devices, software and
expertise to meet customers' business and ESG goals. We are a leading provider
of managed mobility services in Europe, serving more than 2 100 customers in
Europe with an annual revenue of NOK 1.1 billion in 2023. The company is listed
on the Oslo Stock Exchange under the ticker TECH. To learn more, please visit
www.techstep.io.