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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.

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