Magnadata Group Ltd secures £24m UK rail ticket contract
Posted: 18 August 2010 | | No comments yet
Magnadata Group was awarded a five year contract by ATOC to produce the iconic orange magnetic rail ticket & associated products…
Magnadata Group was awarded a five year contract by ATOC to produce the iconic orange magnetic rail ticket & associated products...
Magnadata Group Ltd has been awarded a five year contract by ATOC (Association of Train Operating Companies) to produce the iconic orange magnetic rail ticket and associated products for all the UK Train Operating Companies.
Magnadata Group Ltd, whose Headquarters are based in Boston, Lincolnshire, UK, is one of the world’s largest supplier of passenger transport ticketing, whose customers include New York Metro, Dublin Bus, Valencia Metro, Sydney Rail and London Underground.
Stephen Green Head of Operations at RSP said, “Following a competitive process run strictly under European Union procurement rules, the ticketing contract has now been awarded to Magnadata. They are an experienced magnetic ticket supplier and we are confident our partnership will provide rail passengers with the best value for money”.
The contract with ATOC is for the supply of approximately 750 million magnetic striped tickets per annum which will be distributed to over 2,500 rail stations throughout the UK.
All products will be manufactured in Boston, Lincolnshire, where 220 people are employed at one of the largest ticketing and labelling printing companies in the UK.
Each ticket has a magnetic stripe applied to the surface which carries data that enables passengers to use automated barriers at stations.
Roy Colclough, Magnadata Group CEO said “We are delighted that we have been awarded this major UK contract. This complements our future investment programme in terms of magnetic and RFID product development. We look forward to working closely with ATOC and the train operating companies (TOCs) in order to ensure that passengers continue to receive the best possible service both now and in the future.”