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volarisgroup.com 5800 Explorer Drive, 5th Floor, Mississauga, ON Canada L4W 5K9 | Tel: (905) 267 5400 | Fax: (905) 238 8408 2 Founded in 1996 by Stig Palm and Hans Andersson, PLANit Sweden AB (PLANit) is a Swedish company providing software, systems, and technology to efficiently manage resources in demand-response passenger traffic (DRT) and taxi systems. PLANit is comprised of two subsidiaries – Holmedal Data AB and Malmator AB – and is the leading software provider for demand-responsive passenger traffic and taxi systems in the Scandinavian market. Among PLANit's customers are regional transport authorities, taxi companies, local authorities, and county councils – primarily located in Scandinavia. Starting in 2000, Volaris had approached PLANit about an acquisition but the owners weren't ready to sell. Since that time, Stig Palm and Hans Andersson realized that they needed to invest in PLANit's software and bring it to today's standards. But as it was rather costly to do so, it became a drain on PLANit's resources and affected their bottom line. By 2013, the two founders were beginning to plan for their retirement and wanted to see their business put in the best position for continuity of success. They felt that Volaris was the right acquirer for them and PLANit joined Trapeze, TripSpark Technologies, and Simpli Transport in Volaris' people transportation vertical. From a product and sales perspective, Background

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