Modaxo Acquires CAMMAX LIMITED

Modaxo Expands Global Presence with Acquisition of UK Self-Service Provider

Transaction Strengthens Modaxo's Position as a Leading Global Technology Organization

Modaxo Inc. (Modaxo), a global technology organization focused on moving the world's people, announced today the acquisition of CAMMAX LIMITED (CAMMAX), a UK provider of self-service solutions.

The acquisition strengthens Modaxo's position as a leading global technology organization and expands its presence in the UK market.

CAMMAX provides a range of self-service solutions, including kiosks, digital signage, and interactive displays. These solutions are used by a variety of businesses and organizations, including retailers, banks, and government agencies.

• The acquisition will allow Modaxo to offer its customers a wider range of self-service solutions.
• It will also give Modaxo access to CAMMAX's expertise in the UK market.
• The combination of Modaxo's global reach and CAMMAX's local expertise will create a powerful force in the self-service market.

"We are excited to welcome CAMMAX to the Modaxo family," said David Frigeri, CEO of Modaxo. "This acquisition is a strategic fit for Modaxo and will allow us to better serve our customers around the world."

"We are confident that our combined strengths will create a leading global provider of self-service solutions," said Peter O'Neill, CEO of CAMMAX.

The acquisition is subject to customary closing conditions and is expected to close in the third quarter of 2024.

Financial terms of the transaction were not disclosed.

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About Modaxo

Modaxo is a global technology organization focused on moving the world's people. The company provides a range of transportation solutions, including public transit, shared mobility, and logistics.

Modaxo is headquartered in New York City and has operations in over 30 countries.

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About CAMMAX

CAMMAX is a leading UK provider of self-service solutions. The company provides a range of kiosks, digital signage, and interactive displays to a variety of businesses and organizations.

CAMMAX is headquartered in London and has operations throughout the UK.