Journeo Wins £10 Million Framework Deal with First Bus UK to Advance Transport Tech

 

Journeo plc (LSE:JNEO) has secured a new £10 million framework agreement with First Bus UK, expanding on a prior £9 million partnership. The three-year contract, which includes an extension option, will see Journeo deploy its Software as a Service (SaaS) platform to support technological upgrades across First Bus’s fleet.

The initiative includes the rollout of next-generation video processing systems, CCTV enhancements, and the integration of digital wing mirror technology. These innovations are intended to improve operational safety and efficiency, while aligning with First Bus’s strategic goal of transitioning to a zero-emission fleet by 2035. Journeo’s cloud-based Journeo Portal will play a central role in delivering secure data insights and scalable communications infrastructure.

This latest agreement underscores Journeo’s growing influence in the intelligent transport sector and highlights the company’s ability to deliver high-impact, future-ready solutions. Financially, Journeo continues to show strong performance and growth potential, supported by favorable valuation metrics that suggest the stock may be undervalued. Despite positive fundamentals, technical indicators remain mixed, suggesting investors should approach with cautious optimism.

About Journeo

Journeo plc specializes in Intelligent Transport Systems (ITS), delivering innovative technology solutions for public transit networks, urban environments, airports, and rail. The company partners with transport authorities, Network Rail, and global operators to promote efficiency and sustainability across travel networks.

Operating through five subsidiaries, Journeo offers a wide range of services including onboard systems for vehicle fleets, passenger information platforms, rail display technologies, and technical services in both Denmark and Sweden. With significant investment in R&D, the company provides scalable, integrated solutions designed to enhance mobility and connectivity.

• Average Daily Trading Volume: 46,571 shares

• Technical Sentiment Indicator: Strong Buy

• Market Capitalization: £49.04 million

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