Inelo Group has been acquired by Eurowag
Innova Capital, a leading private equity firm in CEE has signed an agreement with Eurowag to sell a 100% stake in Inelo Group, a leading provider of integrated IT solutions for heavy-duty transport in the CEE region.
Eurowag, a leading pan-European integrated payments & mobility platform focused on the Commercial Road Transportation industry ("CRT"), is expanding its portfolio to encompass a leading provider of advanced working time and fleet management solutions with a presence in 16 European markets and roughly doubling its telematics device base. The deal opens up new opportunities for Inelo Group in the European CRT market, with Martin Vohánka, Eurowag's founder and CEO, stressing that the acquisition will accelerate the development of its fully integrated digital end-to-end platform, helping to make the CRT industry cleaner, fairer and more efficient.
Inelo Group is a leading Polish company, for over 20 years providing SMEs and transport market leaders with TSL industry-focused digital solutions in the field of satellite vehicle location systems and software for analysing and settlement of drivers' working time. With its wide product base, implementing the one stop shop strategy, it has become a business partner for 10,000 transport and logistics companies. Inelo Group also offers a wide exposure to integrated technological solutions with particular emphasis on Work Time Management for foreign markets, including SaaS-based Tachoscan Web. Moreover, the Polish brand provides 42 enforcement authorities in 23 countries with tools for international road transport control.
Rothschild & Co advised on the sale of this transaction. For further detail please contact Barry Sheehan.