Journeo Plc (GB:JNEO) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Journeo Plc’s subsidiary, MultiQ, has secured a contract to supply transport display hardware and support services to Grassfish AB in Sweden, guaranteeing an annual revenue of around £300,000, with potential for additional earnings. This partnership is expected to strengthen Journeo’s presence in the Scandinavian public transit market, as they provide technical services for approximately 3,000 vehicle displays operated by Skånetrafiken. The deal, representing a collaboration between Journeo’s Stockholm team and Vertiseit’s subsidiary Grassfish, marks a significant step towards long-term recurring income for Journeo.
For further insights into GB:JNEO stock, check out TipRanks’ Stock Analysis page.