init innovation in traffic systems SE engages in the provision of intelligent transportation and electronic ticketing systems for public transportation. It operates through the following segments: Telematics and Electronic Fare Collection Systems and Other. The Telematics and Electronic Fare Collection Systems segment includes integrated systems for controlling local transport, electronic fare collection systems, passenger information systems and passenger counting systems. The Other segment comprises of planning systems, driver dispatch systems and automotive. The company was founded by Gottfried Greschner in 1983 and is headquartered in Karlsruhe, Germany.