The sale follows several years of targeted investment and organisational development within the Intelligent Transport Systems division, aimed at ensuring it could operate as a self-sufficient, reliable, and profitable unit. That foundational work has now positioned Intelliscape Limited to thrive with a strong market offering and a robust delivery capability under Modaxo.
As transportation markets rapidly evolve - with the rise of electric and autonomous vehicles and shifting public transit behaviours - the ability to develop and deploy new technology at speed is critical. Under the leadership of Modaxo, the Intelliscape Limited business is now ideally positioned to respond to these changes with greater agility. The sale in turn allows SEA to concentrate on its core Defence activities, demonstrating important steps in the development of both companies.
Richard Flitton, Managing Director at SEA said: “The sale to Modaxo follows years of targeted investment and development within SEA to create a strong and sustainable business, but dramatic changes are underway in the transport sector that necessitate the transport-specific knowledge, linkages and experience of Modaxo. We wish all at Intelliscape all the very best for the future. With a leading position in the maritime defence market, we see this sale as a strategic opportunity for us to strengthen our existing capabilities and focus, and to build upon the long-standing reputation we have with defence customers around the world.”
Laurent Eskenazi, Portfolio Manager at Modaxo said: “We are delighted to welcome the Intelligent Transport Systems business into Modaxo as Intelliscape. This acquisition further enhances our portfolio of traffic, parking and transport management assets. The team brings technical expertise, a strong customer base, and a reputation for delivering systems that improve safety, efficiency, and sustainability in road and rail networks. We look forward to building on this success.”
