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Investegate |Journeo PLC Announcements | Journeo PLC: Contract Award
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Investegate |Journeo PLC Announcements | Journeo PLC: Preferred Supplier
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Journeo aim to unlock and connect all of the disparate systems of bus and local authorities
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Journeo Shares Rise On One-Year Extension To First Bus UK Contract
Mon, 25th Jan 2021 11:25
(Alliance News) - Journeo PLC on Monday said it has obtained a one-year extension to its systems and services framework agreement with First Bus UK, part of Aberdeen based transport firm FirstGroup PLC.
Shares in Journeo were up 28% at 72.90 pence in London in late morning trading.
The contract extension, continuing to March 2022 unless further extended, is expected to generate revenue of GBP1.8 million for information systems and transport technical services firm Journeo.
Journeo, which has its head office in Ashby-de-la-Zouch, will provide systems and services for both new and existing First Bus UK vehicles plus another 800 connections into its software-as-a-service application.