ALTERNATIVE FINANCING FORMS
FOR ENTREPRENEURS AND INVESTORS
News

Proventis Partners advises mobileX on the sale to Solvares Group

Photo: Jan Pörsch­mann, Mana­ging Part­ner at Proven­tis Part­ners in Munich
6. July 2022

Munich — The share­hol­ders of Munich-based mobileX AG, a leading provi­der of soft­ware solu­ti­ons for Field Service Manage­ment (FSM), have sold 100% of their shares to Solva­res Group, a port­fo­lio company of Deut­sche Betei­li­gungs AG, Frank­furt am Main. mobileX has been a premium provi­der in the FSM market for over 20 years and supports medium-sized and large compa­nies with its deploy­ment plan­ning and mobile solu­ti­ons for tech­ni­cal custo­mer service and maintenance.

The tran­sac­tion

mobileX AG, foun­ded in Munich in 2000, is one of the German pioneers as a provi­der of field service manage­ment soft­ware solu­ti­ons. Over 12,000 users world­wide use soft­ware products from mobileX. The FSM market itself is growing about 15% p.a. and is esti­ma­ted to exceed $7 billion by 2027. Proven­tis Part­ners has been enga­ged by the Company and its share­hol­ders to provide a stra­te­gic part­ner for mobileX to address growth oppor­tu­ni­ties as they arise, both geogra­phi­cally and sectorally.

The Solva­res Group won the struc­tu­red, global process. The Solva­res Group, a port­fo­lio company of Deut­sche Betei­li­gungs AG (DBAG) and the DBAG Expan­sion Capi­tal Fund (ECF), which it advi­ses, is the Euro­pean market leader for resource opti­miza­tion and was formed from the mergers of FLS, portatour, Städt­ler and opheo. mobileX is the fifth acqui­si­tion since DBAG and DBAG ECF joined the company.
The decisive factors were both the stra­te­gic and tech­ni­cal fit and the cultu­ral fit between the two compa­nies. The result is that the manage­ment board of mobileX remains comple­tely on board to shape the joint perspec­tive for mobileX in the Solva­res Group.

Hannes Heck­ner, CEO of mobileX AG, says: “We would like to thank the entire Proven­tis team for their empa­thy with our special requi­re­ments, their nego­tia­ting skills as well as their commit­ment, helpful­ness and avai­la­bi­lity during the entire course of the project. Espe­ci­ally as an entre­pre­neur going through such a process for the first time, it has more than proved its worth for us to be able to fall back on the know­ledge and many years of expe­ri­ence of the Proven­tis team. This has given us a sense of secu­rity and sove­reig­nty in every phase of the project.”
“We would like to thank the mobileX team for the plea­sant coope­ra­tion over the last months” says Jan Pörsch­mann, Mana­ging Part­ner at Proven­tis Part­ners, “this was a chal­len­ging tran­sac­tion with many facets. And it was worth it! We are more than confi­dent that the symbio­sis of the two compa­nies will result in a market leader with German roots for global FSM applications.”

The role of Proven­tis Partners
Proven­tis Part­ners acted as exclu­sive M&A advi­sor to the share­hol­ders of mobileX in the prepa­ra­tion and imple­men­ta­tion of the tran­sac­tion. In addi­tion to the imple­men­ta­tion of a struc­tu­red sales process, the consul­ting services included the prepa­ra­tion of marke­ting and tran­sac­tion docu­ments, iden­ti­fi­ca­tion and approach of poten­tial inves­tors inclu­ding manage­ment presen­ta­ti­ons as well as support in the due dili­gence and nego­tia­tion of the tran­sac­tion. In the sales process, the Solva­res Group was quickly iden­ti­fied by the sellers as the part­ner of choice, as the two soft­ware plat­forms comple­ment each other perfectly. For Proven­tis, the focus was not only on provi­ding tech­ni­cal tran­sac­tion advice, but also on harmo­ni­zing the seller’s inte­rests, since four of the five sellers remain opera­tio­nally in the company (three of them on the manage­ment board) and one seller had only a share­hol­der role. The tran­sac­tion team of Proven­tis Part­ners consis­ted of Jan Pörsch­mann (Mana­ging Part­ner, Munich), Florian Liepert (Direc­tor, Munich) and Maxi­mi­lian Gluchow­ski (Senior Asso­ciate, Munich).

About mobileX AG
Foun­ded in 2000, mobileX AG deve­lops and distri­bu­tes soft­ware for tech­ni­cal service and main­ten­ance. The appli­ca­ti­ons support the opti­miza­tion of various busi­ness proces­ses, such as deploy­ment plan­ning and control in tech­ni­cal field service. Solu­ti­ons from mobileX give field workers access to order data from the ERP system and trans­mit feed­back and reports directly to the back office. Custo­mers of the Munich-based soft­ware provi­der include TK Eleva­tors, Melitta, MVV, M‑net and Olym­pus Surgi­cal Tech­no­lo­gies Europe. www.mobilexag.de

About Solva­res Group

Solva­res Group is the Euro­pean cham­pion for resource opti­miza­tion along the entire value chain. The port­fo­lio includes solu­ti­ons for the entire supply and service chain — from trans­port logi­stics to sales and field service. The focus is always on intel­li­gent resource opti­miza­tion through best-of-breed solu­ti­ons for the custo­mer. Solva­res Group was formed in 2018 with the acqui­si­tion of FLS GmbH. The expan­sion with impac­tit GmbH from Vienna, Städt­ler Logis­tik GmbH from Nurem­berg and Opheo Solu­ti­ons GmbH from Hamburg in 2021 crea­ted a market leader for resource opti­miza­tion in Europe. In June 2022, mobileX AG from Munich was added as the fifth company. Solva­res Group employs 339 people at 9 loca­ti­ons in 4 count­ries. Head­quar­ters is Heiken­dorf near Kiel. https://solvares.com

About Deut­sche Betei­li­gungs AG
Deut­sche Betei­li­gungs AG is a listed private equity company. The focus of the invest­ments is on medium-sized compa­nies. Since its foun­da­tion more than 50 years ago, equity capi­tal has been provi­ded to over 300 compa­nies. https://www.dbag.de/

About Proven­tis Partners

Proven­tis Part­ners is a part­­ner-led M&A advi­sory firm whose clients include a majo­rity of mid-sized family busi­nesses, corpo­rate subsi­dia­ries and private equity funds. With more than 35 M&A advi­sors, Proven­tis Part­ners is one of the largest inde­pen­dent M&A consul­tancies in the German-spea­king region and looks back on more than 20 years of M&A expe­ri­ence as well as far close to 400 comple­ted tran­sac­tions. The M&A advi­sors with offices in Düssel­dorf, Hamburg, Munich and Zurich are active in the sectors Indus­tri­als, Chemi­cals & Advan­ced Mate­ri­als, Busi­ness Services, Consu­mer & Retail, TMT, Health­Care and Energy & Sustaina­bi­lity. Exclu­sive member­ship in Mergers Alli­ance — an inter­na­tio­nal part­ner­ship of leading M&A specia­lists — enables Proven­tis Part­ners to assist clients in 30 count­ries in key markets world­wide. Mergers Alli­ance members, with over 200 M&A profes­sio­nals, provide Proven­tis Part­ners’ clients with direct access to local markets in Europe, North America, Latin America and Asia.

Subscribe newsletter

Here you can read about the latest transactions, IPOs, private equity deals and venture capital investments, who has raised a new fund, how Buy & Build activities are going.

Get in touch

Contact us!
fyb [at] fyb.de