AEP Ticketing Solutions s.r.l

What AEP Ticketing Solutions s.r.l does

AEP Ticketing Solutions s.r.l is a Florence-based (Signa) Italian company that designs and manufactures electronic ticketing systems and devices for public transport operators. The company has been operating for more than twenty years, serving municipal bus operators, regional and interurban transport networks, metro and rail operators, and specialized transport services across at least 23 countries in Europe, Central Asia, the Middle East, and the Indian subcontinent. Its customer base includes SETA, Start Romagna, TPER, Ferroviaria Italiana, Transdev (Le Mans), ASTANA (Kazakhstan), Mumbai Metro, and Asseco Poland for the €6M+ Silesia deployment, among others. AEP has been part of the Modaxo multi-operator mobility technology platform since December 2021, retaining its brand and operational autonomy.

AEP's product portfolio combines a comprehensive software suite (ET Software Suite) covering e-Commerce, Account Based Ticketing (ABT), EMV bank card processing, reporting, inventory, and on-board sales, with a full hardware range including compact and gate validators (V8, Futura 3B/3G/3ALX), on-board computers and multi-function units (C6P, CDB-6 PLUS, CDB-4 PLUS), self-service ticket machines (RTVM-II/T/I), smart card issuers (CLM-3), and dedicated EMV readers (ONE). The platform is differentiated by a Transit-model EMV implementation following Transport for London, smart paper QR-code tickets (ET-MOBILE) capable of offline operation, a patented self-sanitizing screen technology, Giugiaro industrial design, and the Interago developer platform that allows system integrators to build extensions. Hardware carries a 10-year support, spare parts, and repair guarantee, with products tested to IP65, IK08, and extreme temperature operation under the QUPR quality system.

AEP monetizes through a mix of hardware sales, software licenses and solutions (recurring revenue), and professional services including pre-purchase consulting, project management, installation, training, and long-term support. Go-to-market combines direct enterprise field sales to transport operators with a certified Value Added Reseller channel and a system integrator / developer program; marketing is concentrated on industry events (UITP, IT-TRANS, national transport exhibitions) and technical publications. The company holds 51-100 employees, paid-in capital of €118,000, and operates a wholly-owned services subsidiary (AEP Service srl, established February 2012). Alessandro Sansone was appointed CEO in February 2024.

Name

AEP Ticketing Solutions s.r.l

Legal name

AEP Ticketing Solutions s.r.l

Website

https://aep-italia.it

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

51–100 employees

Short description

AEP Ticketing Solutions s.r.l designs and manufactures electronic ticketing hardware (validators, on-board computers, self-service machines) and software (Account Based Ticketing, EMV open payments, QR-code validation) for public transport operators across more than 20 countries, operating as a Modaxo portfolio company from Signa, Italy.

Ownership category

akta.pro rank

Product category

Public transport electronic ticketing systems

SIC

Transportation Services (4700)

akta.pro primary industry

Fare Capping, Best-Fare & Account Reconciliation (THAIAMAH)

akta.pro secondary industries

Open-Loop EMV Contactless Fare Payments (THAIAMAD), Integrated Ticketing & Fare Management (Capping, Passes, Validators) (THADALAC)

Keywords

• Electronic ticketing systems
• Transit fare collection
• Account based ticketing
• EMV contactless validators
• Public transport hardware

Headquarters

HQ city

Florence

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Hardware Sales: Sale of electronic ticketing hardware including validators (V8, Futura 3B, Futura 3G, Futura 3ALX), on-board computers (CDB-6 PLUS, CDB-4 PLUS, C6P), self-service ticket machines (RTVM-II, RTVM-T, RTVM-I), portable units, and accessory equipment. Products are supported with spare parts and repairs for at least 10 years from purchase.
2. Software Licenses and Solutions: Software covering all areas of electronic ticketing: e-Commerce platforms, Account Based Ticketing systems, EMV bank card processing, reporting and business intelligence, inventory and distribution management, ticket offices and retail outlets, self-service sales, mobile applications, and on-board sales systems.
3. Professional Services: Pre-purchase consulting, project management, installation, training, system support, problem investigation, device repair, and evolutionary projects. Services are guaranteed for at least 10 years from purchase.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

AEP Ticketing Solutions designs, manufactures and supplies integrated electronic ticketing systems for public transport operators, combining proprietary hardware (validators, on-board computers, self-service ticket machines, portable units) with the ET Software Suite covering e-Commerce, Account Based Ticketing, EMV contactless bank card processing, reporting and on-board sales. The company delivers the complete solution lifecycle including pre-purchase consulting, project management, installation, training and at least 10 years of support, spare parts and repair services. Customers are public transport operators, metro/rail authorities and specialized transport services across more than 23 countries.

Product overview

AEP Ticketing Solutions s.r.l is an Italian company designing and producing electronic ticketing systems and devices for public transport for over twenty years. The product portfolio consists of a comprehensive software platform (ET Software Suite) covering e-Commerce, Account Based Ticketing, and EMV solutions, combined with a range of hardware devices including validators (V8, Futura 3B/3G/3ALX), multi-function units (C6P, CDB-6 PLUS, CDB-4 PLUS), self-service ticket machines (RTVM-II, RTVM-T, RTVM-I), smart card issuers (CLM-3), dedicated EMV readers (ONE), and integration units (DBOX). The company operates as part of the Modaxo group and serves major transport companies in Italy and internationally.

Differentiator

Problem solved

Functional benefit

Brands

• ET - The Easy Ticketing: The software suite covering all areas of ticketing from traditional to innovative solutions including e-Commerce, Account Based Ticketing, and EMV bank card systems.
• ET-MOBILE
• Interago

Products and services

• V8 Validator Compact 19.7cm electronic validator integrating the latest technologies and construction materials, designed for public transport fare validation with top-tier performance.
• C6P Multifunction Unit Multi-function on-board unit combining on-board computer, driver console, sales/recharge station and validator in a single integrated device for public transport vehicles.
• RTVM-II Self-Service Ticket Machine Self-service ticket vending machine with a redesigned industrial look, intended to enhance passenger experience and optimize public transport ticket sales operations.
• Futura 3B Validator Top-of-the-line contactless and optical validator with Giugiaro Design styling, multimedia capabilities and high-end industrial design for public transport fare validation.
• Futura 3G Gate Validator Low-profile metro gate version of the Futura 3B with wide display and front-mounted QR-code reader, designed for metro station fare gates.
• Futura 3ALX Validator Cost-effective validator inheriting key features from the Futura 3B, including QR-code reading and EMV contactless compliance for public transport fare validation.
• CDB-6 PLUS On-board Computer All-in-one multi-function on-board unit combining computer, driver console, AVM, modem/router, sales station and EMV/optical validator in a single device.
• CDB-4 PLUS Multi-function Unit Compact multi-function unit for retail outlets, on-board use with appropriate supports, and portable inspector use via a shoulder bag, supporting ticketing and inspection workflows.
• RTVM-T Self-Service Machine Self-service machine for ticket sales and customer service points, supporting card renewal and fine payment at transport operator locations.
• RTVM-I Self-Service Machine Robust and long-lasting self-service machine for ticket sales and customer service points, designed to operate in various climates.
• CLM-3 Smart Card Subscription Machine Self-service machine for issuing personal smart card subscriptions, enabling customers to order online and collect cards using a QR-code.
• ONE EMV Validator Autonomous unit dedicated exclusively to validating contactless EMV bank cards, integrable with AEP or third-party systems, with built-in 3G/4G modem.
• DBOX Integration Unit Compact integration unit combining multi-standard contactless reader, 4 SAM modules, optical QR-code reader, thermal receipt printer with cutter and USB hub.
• ET Software Suite Comprehensive software platform covering all areas of electronic ticketing — corporate and regional centres, reporting and BI, mass issuance, warehouse and distribution, ticket offices and resellers, self-service sales, e-Commerce and mobile, on-board sales, optical/contactless validation, and Account Based Ticketing.
• AEP Professional Services and Lifecycle Support Pre-purchase consulting, project management, installation, training, system support, problem investigation, device repair and evolutionary projects, guaranteed for at least 10 years from purchase, delivered in part through dedicated subsidiary AEP Service srl.

Quantifiable outcome

• Over 8,000 Futura 4 family validators sold
• +2 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• ModaxoflagshipStrategic or Co-development Partner · 1 December 2021AEP joined Modaxo in December 2021, maintaining its brand and autonomy while benefiting from support, coaching, and best practices. Modaxo is a global transportation technology company focused on ticketing and passenger information systems, providing AEP with international scale and resources.
• Swarco Mizar / AEP Joint VenturecoreStrategic or Co-development Partner · 1 January 2015Temporary joint venture between Swarco Mizar and AEP Ticketing Solutions to serve the ARST Sardegna tender for Sardinia regional transport electronic ticketing systems.
• Asseco Poland SAcoreChannel Partner/ Reseller/ Distributor · 1 March 2012Asseco Poland SA, the largest Polish IT company, awarded AEP a contract exceeding 6 million euros for the Silesia region (Poland) electronic ticketing system, making AEP the supplier through Asseco's distribution channel.
• MER Group (Israel)coreChannel Partner/ Reseller/ DistributorMER Group is a major Israeli holding company founded in 1948 with approximately a dozen subsidiaries, serving as AEP's distribution and integration partner in the Israeli market for electronic ticketing solutions.

Scale indicators4 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Vix Technology: Direct peer in transit electronic ticketing and passenger information systems, and fellow Modaxo portfolio company. Vix has strong APAC/UK presence, making it the most structurally comparable peer to AEP given overlapping product scope and shared parent ecosystem.
• Scheidt & Bachmann: German family-owned provider of electronic fare collection systems, validators, and ticketing software for public transport operators across Europe. Direct competitor in AEP's core urban/regional bus and rail fare-collection niche.
• INIT Group: German supplier of integrated IT solutions for public transport, including ticketing, fare collection, planning, and real-time passenger information. Direct competitor to AEP in the European transit-software market.
• Flowbird (Parkeon): Provider of urban mobility solutions including electronic ticketing validators, ticket vending machines, and back-office fare management. Direct competitor in validators and self-service ticketing machines used by European and global public transport operators.

Broad incumbents

• Cubic Transportation Systems: Global leader in transit fare collection, including the original Transport for London Oyster system and the OMX/Vision4Next back-office platform. Operates across AEP's segment as part of a much larger portfolio, competing for the largest city tenders AEP cannot bid on.
• Thales Ground Transportation Systems: Major incumbent in transit ticketing, fare collection, and integrated mobility platforms through its Ground Transportation Systems business. Competes with AEP in larger European and Latin American tenders where bundled multi-modal solutions are required.
• Conduent Transportation: Large US-based provider of transit fare collection, back-office systems, and mobility services for major North American agencies. Indirect competitor in shared account-based and EMV back-office technology where AEP's ABT platform overlaps.
• Indra (Minsait): Spanish IT services group with a transportation ticketing and mobility business serving European and Latin American public transport operators. Competes with AEP in regional Spanish-speaking and European tenders and offers comparable ABT/EMV capabilities.

Emerging players

• Masabi: UK-based provider of mobile ticketing, Account Based Ticketing, and account-based back-office software (Justride platform) for public transport. Competes with AEP's ET software suite and ABT platform, particularly in mid-sized UK/European operators.
• Bytemark: US-based provider of mobile ticketing, account-based fare collection, and validator hardware for public transit agencies. Competes with AEP in the software/ABT and validator layers, particularly where operators prioritise mobile-first, software-centric deployments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=SyzFCqlO768

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AEP Ticketing Solutions s.r.l