Audax-backed LTG buys Québec's Axion Technologies

Luminator Technology Group (LTG), a portfolio company of U.S. private equity firm Audax Group, has acquired Axion Technologies Ltd for an undisclosed amount. Axion, a designer, manufacturer and supplier of passenger information. communication and closed circuit television systems to the transit industry, has its headquarters in La Pocatière, Québec. Based in Plano, Texas, LTD is a provider of passenger information systems for public transit and aerospace markets. It was bought by Audax from Levine Leichtman Capital Partners earlier this year. Axion received an investment from private equity and venture capital firm Fondaction CSN in 2008.

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