JP Morgan Asset Management completed the acquisition of Umove from Cube Infrastructure.

JP Morgan Asset Management, an asset manager, completed the acquisition of Umove, a company that provides essential mobility infrastructure services to public transport authorities, from Cube Infrastructure, an independent asset manager pioneering infrastructure investment. Financial terms were not disclosed. Founded in 2013 and headquartered in Copenhagen, Umove provides essential mobility infrastructure services to Public Transport Authorities in Denmark through a diversified portfolio of long-term and availability-based contracts.