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Deals in 2005

Advanced Transport Systems

Sector Transportation Systems
Funded by BAA

Advanced Transport Systems Limited – ICON helps secure £7.5m investment from BAA Plc.

Advanced Transport Systems Ltd (ATS) announced today that BAA had chosen their innovative ULTra Personal Rapid Transit (PRT) system for a pilot system at Heathrow, which if successful will be rolled out to all the terminals as well as other airports.

The agreement between BAA and ATS includes an investment of £7.5m in the company in return for 25% of the equity.

For BAA, ULTra will provide a high quality service to link the passenger car parks to the terminal areas. The driverless taxis provide a more effective and lower cost solution to the worldwide problems of urban transport.

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“ICON got the corporate finance tactics spot on. Their support throughout was invaluable.”

Martin Lowson
CEO and Founder, ATS

Sector Expertise

"ICON were outstanding. Without their dedication and market knowledge, this deal would not have happened".

Mark Crosier, CEO Deepstream Technologies.


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