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26 September 2009
Following the successful acquisition of TrainFX Limited from Vision Media Group plc, TrainFX Ltd is now a fully owned subsidiary of the RAM Investment Group plc.
This acquisition brings TrainFX into the RAM Investment Group and provides strong financial and organisational support, enabling TrainFX to deploy their on-board media solution to the rail sector and to introduce its leading edge technologies (which it has been developing for xx years) into the marketplace.
Having secured an investment agreement for a 49.9% acquisition of TrainFX, RAM Investment Group has taken its option to secure the remaining 50.1%, bringing the innovative rail media and technology company into the Group.
Phil Campbell, TrainFX Managing Director said: “This is a very exciting development for TrainFX and one we have been preparing for, for some considerable time. The RAM Investment Group has understood the exciting potential of the company and is totally committed to supporting TrainFX. This allows us to work with our clients in the knowledge we have the financial and organisational support on which to grow the business.”
TrainFX has secured major contracts in the UK Rail sector and will now focus its attention on the rapid deployment of its on-board train media solution, providing digital TV, passenger journey information, news and advertising, to two blue-chip Train Operating Companies, with whom a contract has been signed.
Zeph Grant, TrainFX Engineering Director is now looking forward to introducing the technologies that his R&D team has been successfully developed and approved for the rail environment and says “We have been preparing our products for launch for some time and now we can fully demonstrate our capability to our rail sector customers.”
TrainFX Limited,
Unit 15, Melbourne Business Court,
Millennium Way,
Pride Park,
Derby, DE24 8HZ,
United Kingdom.