Corporate history

From university spin-off to global player

At INIT, we can look back at a history of more than three decades. During all these years, we have continuously improved our solutions and, with this, further developed public transport. Our organizational memory contains a multitude of outstanding episodes and achievements, which have all together lead to who and where we are today. Here come our company’s milestones.

1983

INIT’s history began in 1983 when Dr. Gottfried Greschner founded the company as a university spin-off. He further developed his research project on demand-driven bus traffic into a business case. With only a handful of co-workers, INIT provided its first customer Friedrichshafen at Lake Constance with parts of a management system for demand-driven traffic.

 

1988

In 1988, INIT received the first assignment for a complete Intermodal Transport Control System (ITCS). The authority of Osnabruck relied on the team of only 17 people back then. We are proud that Osnabruck is our customer since then. At almost the same time, INIT started its hardware development. Reliable field devices were required to ensure the proper functioning of the system. So INIT set up its first on-board computer, the COPILOT.

1990

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.

 

1995

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.

 

1999

Four years later, in 1999, INIT founded its US subsidiary to cover the North American market. The company’s growth not only increased on a global scale, but the portfolio of products and services also expanded: The entry into the planning software market succeeded by the acquisition of the planning system MFS 90 from the company KRUPP.

2001

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.

2009

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.

 

2013

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.

 

2014

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.

2017

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.