The next milestone in INIT’s history came with its first international project. In 1990, the authority of Stockholm, the capital of Sweden, assigned INIT with an ITCS – a huge step in the company’s development and a challenge for the young team. A long-term partnership followed – crowned by an award for the most innovative IT and telematics project in Sweden in 2006. Since the first project in the early 90s, the authority of Stockholm belongs to INIT’s customer.
In 1995, INIT took the first step into the ticketing market by developing and offering the first device for printing and selling tickets – the EFADcompact. Truly innovative for that time was the fact that the device contained a reader for chipcards. This way, the German “GeldKarte” (money card) – which was brandnew at that time – was accepted as a payment option.
In 2001, INIT became a listed company on the German stock exchange. Since then, init AG, founded in 2000, fulfills a holding function for the further growing INIT Group.
The ITCS expert panel of the German Transport Association VDV (Verband Deutscher Verkehrsunternehmen) honored INIT with the itcs-Innovations-Award in 2009. The prize was awarded for the new “online detour” feature within the fleet management system MOBILE-ITCS.
A new chapter in the company’s history was the first assignment for a pioneering ID-/account-based ticketing system. The order came from the City of Turku, Finland. With an innovative concept and state-of-the-art technology, INIT set a benchmark.
In 2014, Dr. Gottfried Greschner received the Special Career Service Award. The honor was awarded at the Transports Publics exhibition by a jury consisting of European journalists specialized in the transport sector.
An important step in INIT’s development was the conversion of the stock company from a listed company under German law (Aktiengesellschaft, abbreviated AG) into a European stock corporation – a Societas Europaea (SE) in 2017. INIT generates the major part of its revenue outside of Germany and has become the worldwide leading supplier of integrated planning, dispatching, telematics and ticketing systems for buses and trains. The conversion into a SE emphasizes INIT’s strong international focus.