Energy Transfer
Magnadata manufactures and supplies smart cards, magnetic ticket and self adhesive tags to mass transit authorities, airlines and cash value pre-paid energy tokens to electricity companies. Its main facility is in Boston, Lincolnshire and customers include London Underground, New York City Transit Authority, Vancouver Mass Transit, and a number of OEMs (original equipment manufacturer) and airlines.

Close Growth Capital supported the buy in / buy out of Magnadata in August 2000, underwriting the entire funding requirement of £6m. In 2006 we supported the acquisition of the trading assets of Norprint, a specialist label business at the forefront of RFID (radio frequency identification) technology, doubling the turnover and profitability of the Magnadata group.

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