AMCO

What AMCO does

AMCO (legal name AMCO Α.Ε., trading as AMCO Inspired Technologies) is a privately held Greek intelligent transport systems vendor founded in 2005 and headquartered in Moschato, Athens, with regional offices in Thessaloniki and a manufacturing plant in Korinthos. The company designs and manufactures in-house a portfolio of hardware devices for public transport fare collection and passenger information: the Nexo-360 and DT-360 on-board computers (driver console, ticket printer, AVL/PIS), the SV-360 contactless validator (EMVCo Level 1 and Level 2 certified for open-loop EMV payments, NFC, QR and smart cards), the TVM-360 ticket vending machine for outdoor use (vandal-proof, -20°C to +55°C), and a TVM-360 Cashless variant for stations and metro platforms. The hardware is paired with the AMFARE cloud platform and an account-based AFCS (Automated Fare Collection System) backend that supports open payments, mobile ticketing, telematics and passenger information.

The business model is enterprise B2G: revenue is generated from hardware sales, systems-integration and software project delivery, and ongoing after-sales maintenance and lifecycle services. AMCO wins work through competitive tenders either as prime contractor, consortium partner (e.g., TERNA ENERGY-INDIGITAL-AMCO, A.S. Aircontrol consortiums) or subcontractor to large systems integrators (NEC Corporation, Malam Team, AmericanEagle, SWARCO Mizar). The company also markets through industry trade shows and UITP membership, and has co-developed open-loop payment capabilities with Mastercard, Visa and NBG Pay.

Customers are public transport operators, municipal governments and transit authorities in Greece and internationally, with documented deployments in Cyprus, Israel, USA, India, Saudi Arabia, Egypt, Jordan, Malaysia and Nigeria, alongside 100+ Greek municipalities. Notable contract magnitudes include the €61.66M Cyprus THALEIA smart bus stop programme, the Tel Aviv DAN bus deployment covering 1,300 Nexo-360 consoles and 4,100 SV-360 validators, a 1,100-validator and 80-TVM order for Makkah, the Thessaloniki OSETH 620-bus transformation, and 4,450 bus stops in Cyprus. In June 2026, Halcyon Equity Partners AIFM invested in AMCO to support international expansion and further platform development.

Name

AMCO

Legal name

AMCO Α.Ε.

Website

https://amco.gr

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

51–100 employees

Short description

AMCO is a Greek intelligent transport systems vendor that designs and manufactures in-house fare collection hardware (validators, on-board computers, ticket vending machines) plus the AMFARE cloud platform, serving public transport operators and municipalities across 15+ countries.

Ownership category

akta.pro rank

Product category

Intelligent Transport Systems

NAICS

Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345), Other Communications Equipment Manufacturing (33429)

SIC

Miscellaneous Transportation Equipment (3790), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Integrated Ticketing & Fare Management (Capping, Passes, Validators) (THADALAC)

akta.pro secondary industry

Traffic Management & Intelligent Transportation Systems (Signals, TMCs, Congestion) (BPAIALAC)

Keywords

• Intelligent transport systems
• Fare collection systems
• Ticket vending machines
• Contactless payment validators
• Smart mobility solutions

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Hardware Sales: Design and manufacture of ticketing devices including validators (SV-360), on-board computers (Nexo-360, DT-360), and ticket vending machines (TVM-360). Products sold to transport operators globally, with significant volumes to major projects like 1,300 units to Tel Aviv and 1,100 validators to Makkah.
2. Systems Integration & Software: Complete system implementations including fare collection software, telematics platforms, passenger information systems, and cloud management software. Delivered as turnkey projects or integrated with third-party systems.
3. After-Sales Services: Ongoing maintenance, support, and lifecycle management services for installed systems. Includes remote monitoring, software updates, and technical support.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

AMCO designs and manufactures intelligent transport systems combining proprietary hardware devices (contactless validators, on-board computers, ticket vending machines) with software platforms for automated fare collection, telematics, real-time passenger information, and cloud-based fleet management. The company delivers end-to-end smart mobility and smart city solutions including EMV contactless payments, account-based ticketing, smart parking, digital signage, and bike sharing systems. All hardware is produced in-house at the Korinthos production plant and deployed across public transport operators and municipalities in 15+ countries.

Product overview

AMCO (Inspired Technologies) provides an integrated portfolio of smart mobility and smart city solutions comprising hardware devices and software platforms. Core products include the Nexo-360 and DT-360 on-board computers/ticket printers/driver consoles, SV-360 contactless validators, and TVM-360 ticket vending machines (both full and cashless variants). These devices are complemented by software solutions for fare collection management, passenger information systems (AVL/PIS), and bike rental operations. The company designs and manufactures all products in-house in Greece, serving public transport operators, municipalities, and transit authorities across Greece, Cyprus, Israel, USA, India, Saudi Arabia, Egypt, Jordan, Malaysia, Nigeria, and other countries. Solutions span automated fare collection systems, telematics, real-time passenger information, smart parking management, bike sharing systems, and digital signage.

Differentiator

Problem solved

Functional benefit

Brands

• AMFARE: Cloud platform supporting open payments and account-based ticketing
• AMCO Smart Mobility Solutions

Products and services

• SV-360 Contactless Validator Contactless validator with 7-inch touch display that supports smart cards, QR codes, and EMV contactless bank card payments. EMVCo Level 1 and Level 2 certified. Designed for fare collection on buses, trams, and metro systems, also serving as a passenger-facing display for promotional content.
• Nexo-360 On-Board Computer, Ticket Printer & Driver Console Combined on-board computer, driver console, and ticket printer for public transport vehicles. Supports smart cards, EMV bank cards, NFC, printed and mobile QR code tickets. Features 10.4-inch touchscreen, real-time passenger information, Automatic Vehicle Location, and telematics connectivity via WiFi, Bluetooth, 4G, and Ethernet.
• DT-360 On-Board Computer, Ticket Printer & Driver Console Driver console and ticket printer integrating fare collection management with Automatic Vehicle Location and Real-Time Passenger Information. Features 10.1-inch projected capacitive touchscreen, high-speed thermal printer, NFC support, and communication interfaces including WiFi, Bluetooth, 3G/4G, and Ethernet.
• TVM-360 Ticket Vending Machine Outdoor ticket vending machine supporting coins, banknotes, credit/debit EMV cards, smart cards, NFC, and QR code payments. Features vandal-proof construction, 15-inch sunlight-readable display, and operates in extreme temperatures from -20°C to +55°C for outdoor deployment at bus stops, metro stations, and tram platforms.
• TVM-360 Cashless Contactless-only ticket vending machine for stationary use at bus stops, metro stations, and tramway platforms. Supports debit/credit card payments, QR code scanning, and smart card issuance with modular construction designed for various climate conditions.
• AMFARE Cloud Platform Cloud-based account-centric fare collection platform supporting open-loop EMV payments and multiple payment methods for transit operators. Enables integration of city and intercity public transport with micromobility solutions under a unified account experience.
• Account-Based AFCS Backend Platform Cloud-based account-centric Automatic Fare Collection System supporting multiple payment methods including open-loop EMV payments. Deployed for Thessaloniki public transport modernization, delivering mobile ticketing and passenger information across 620 buses operated by OSETH.
• Bike Rental Software Platform Software platform for shared bike and electric bike rental systems, enabling bicycle rental through infokiosks and mobile applications for iOS and Android. Deployed for municipal bike sharing systems including Municipality of Orestiada with 38 electric bicycles.
• Smart Parking System Integrated smart parking management system deployed as part of municipal smart city infrastructure, enabling digital parking payment, space monitoring, and enforcement integration for cities.
• Passenger Information System (PIS) Real-time passenger information system for public transport including on-board TFT displays, station displays, and AVL/PIS backend software. Provides live arrival times, route information, and announcements to passengers across bus, metro, and tram networks.

Quantifiable outcome

• 45,000 passengers per day served by first ITS project in Nigeria
• +2 more outcomes

Named customers13 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

17 partnerships are on record, tiered core and minor.

• MastercardcoreStrategic or Co-development PartnerAMCO implements contactless on-board bank card payments for 55 intercity bus operators in Greece in cooperation with Mastercard and the Union of Intercity Bus Operators. This partnership enables open-loop EMV payments on Greek intercity buses.
• VisacoreStrategic or Co-development PartnerAMCO collaborated with Visa on contactless transit payment program for city buses in 33 Greek cities. Enables passengers to pay using contactless cards, mobile phones, or wearable devices.
• NBG PaycoreStrategic or Co-development PartnerPartnership with NBG Pay for implementation of contactless payment system on Greek city buses in 33 cities.
• AYATECH LLCcoreStrategic or Co-development PartnerJoint implementation of Automatic Fare Collection and Passenger Information System project in Cairo, Egypt. Project funded by United Nations Development Program (UNDP) and awarded after international tender.
• Malam Team (Israel)coreImplementation/ SI/ Consulting PartnerAMCO served as subcontractor to Malam Team for Tel Aviv DAN bus operator fare collection system. Malam is main contractor for Israel's bus fleet modernization.
• NEC CorporationcoreImplementation/ SI/ Consulting PartnerAMCO was main subcontractor to NEC Corporation for first open payment fare collection project in Ahmedabad, India. Also implementing three additional open payment projects in India with NEC.
• TERNA ENERGY - INDIGITAL ConsortiumcoreStrategic or Co-development PartnerJoint venture for Thessaloniki urban transport digital transformation project worth significant contract value. AMCO handles automatic fare collection and telematics/passenger information systems.
• UITP (International Association of Public Transport)coreStrategic or Co-development PartnerAMCO SA is a UITP member. UITP represents 3,400 members in 92 countries and covers all modes of public transport. AMCO participates in UITP events and initiatives.
• Information Society S.A. (KtP)coreImplementation/ SI/ Consulting PartnerContract signed between KtP and TERNA-INDIGITAL-AMCO joint venture for Thessaloniki digital transformation project.
• AmericanEagle (Illinois)minorImplementation/ SI/ Consulting PartnerAMCO supplied onboard contactless validators as subcontractor to AmericanEagle for Memphis Area Transit Authority (MATA) in USA.
• NEC MalaysiacoreImplementation/ SI/ Consulting PartnerAMCO delivered SV-360 validators for Perak Transit Project in Malaysia as subcontractor to NEC Malaysia.
• CYCLOPOLIS Ltd.minorStrategic or Co-development PartnerJoint venture with CYCLOPOLIS for bike sharing system project in Florina, Greece.
• A.S. Aircontrol LtdcoreStrategic or Co-development PartnerConsortium partner for Cyprus THALEIA 2021-2027 smart bus stop program. Consortium won tender for 4,450 bus stops installation.
• Union of Intercity Bus Operators (Greece)coreStrategic or Co-development PartnerPartnership with Union of Intercity Bus Operators for EMV payment implementation on 55 intercity bus operators.
• Swarco Mizar S.p.A.minorImplementation/ SI/ Consulting PartnerConsortium partner with Swarco Mizar for Athens TRAM telematics and passenger information system implementation.
• DotsoftminorStrategic or Co-development PartnerCooperation with Dotsoft for smart city projects in Rhodes, Kos, and Rethimno municipalities.
• Union of Intercity Bus OperatorscoreStrategic or Co-development PartnerPartnership with Union of Intercity Bus Operators for implementing new contactless on-board bank card payments for 55 intercity bus operators in Greece.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Masabi: UK-based specialist in mobile ticketing and account-based/open-loop fare collection for transit operators. Directly comparable to AMCO's AMFARE platform and SV-360 EMV validator proposition.
• INIT: German-headquartered global supplier of integrated ITS hardware and software for public transport (on-board computers, validators, AFC, planning/dispatch systems). INIT is a directly comparable peer in product portfolio, target customers (transit operators and authorities), and consortium-driven tender participation.
• Ticketer: UK-based supplier of electronic ticketing systems for bus operators, including on-board computers and contactless validators. Directly comparable in transit hardware specialization and EMV/contactless capability.
• Vix Technology: Australia-based provider of automated fare collection, smart card, and ticketing systems for public transport operators globally. Comparable in integrated AFC hardware/software delivery and emerging-market deployments.
• IVU Traffic Technologies: Berlin-based provider of IT systems for public transport including ticketing, fleet management, and passenger information. Directly comparable in B2G transit software scope and European municipal customer base.

Emerging players

• Littlepay: Australia/UK-based open-loop payment platform focused on transit and mobility. Comparable to AMCO's AMFARE backend in enabling open-loop EMV acceptance for transit operators.

Broad incumbents

• Scheidt & Bachmann: German family-owned supplier of fare collection systems, validators, and on-board computers to transit operators worldwide. Comparable in validator and AFC hardware, with a larger installed base and broader geographic footprint.
• Conduent Transportation: US-based large-scale provider of transit fare collection, transit signal priority, and mobility solutions. Comparable in transit AFC software/hardware offerings and B2G municipal customer base.
• Cubic Transportation Systems: Large US-based incumbent delivering end-to-end fare collection, traffic management, and real-time passenger information globally. Competes with AMCO on large metropolitan tenders, often as a tier-1 prime integrator.
• Thales Transportation: Global tier-1 integrator of rail and urban transit solutions, including ticketing and fare collection subsystems. Competes with AMCO on major transit modernization tenders, typically as the prime contractor with local subcontractors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AMCO_ABEE
• Facebookfacebook.com/amco.gr
• LinkedInlinkedin.com/company/amco-avee

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

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 AMCO