Dutch company Main Capital Partners acquires logistics software companies Wanko and FleetGO

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Dutch-based Main Capital Partners, a private equity firm that supports growth-stage companies through buyouts, announced on Thursday that it has acquired majority shares in logistics software companies Wanko and FleetGO.

The two companies will merge into a comprehensive logistics software group called FleetGO Group, Main Capital Partners said.

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The announcement comes about a month after Main Capital Partners acquired a majority stake in Dutch company Avinty, a provider of software solutions for the healthcare industry.

Why acquire?

With this acquisition, Main Capital Partners aims to create smarter fleets with actionable data and insights into driver and fleet performance, vehicle utilization and diagnostic information.

FleetGO Group will also offer a complete software solution for warehouse management, transport management and fleet management in the DACH and Benelux region for the SME and corporate markets.

Main Capital Partners estimates that the combined 2022 revenues for FleetGO will be approximately 20 M€ and should continue at a double-digit growth rate.

Led by Ronald van Tiel, CEO of FleetGo, the group will now employ approximately 150 people to drive and support this growth trajectory by deploying a cross-selling and up-selling strategy.

Wanko: What you need to know

Based in Ainring, Germany, Wanko is a software provider for transportation solutions used primarily in warehousing and route optimization.

The family business is headed by Alexander Wanko and has a customer base of more than 130 companies in sectors such as the chemical, transport and industrial sectors.

Alexander Wanko said: “We are very excited to write Wanko’s next chapter of growth with Main Capital Partners and as part of the FleetGO group. We see multiple growth opportunities for the combined group. We strongly believe that Main Capital, with its software expertise, is the right strategic partner to help us take the business to the next level.”

FleetGo: what you need to know

Based in Hattem, the Netherlands, FleetGO offers telematics software and hardware that allows companies to collect information such as speed, inventory, temperature, rest periods, equipment, fuel consumption , etc., and manage their trucks.

The company’s primary customer base covers heavy trucking in the construction, manufacturing, agriculture and transportation sectors.

The company has more than 5,000 customers, including DHL and Reym, and has offices in the Netherlands (Hattem), Germany (Düsseldorf) and Turkey (Istanbul).

Ronald van Tiel, former CEO of FleetGO and new CEO of FleetGO Group, said: “We look forward to this partnership with Main Capital Partners as we plan to further strengthen the market leading positions of FleetGO and Wanko and build a European leader. logistics software group. With Main’s help and support, we expect to continue to grow and improve our service offering to deliver even more value to our customers.”

Main financial partners: what you need to know

Main Capital Partners is a software investor in Benelux, DACH and the Nordics. The company has nearly 20 years of experience building software companies and works closely with the management teams of its portfolio companies as a strategic partner to achieve sustainable growth and build “great” software groups. “.

The company has more than 60 employees who work in offices in The Hague, Stockholm and Düsseldorf. The company has more than 2.2 billion euros in assets under management and claims to have invested in more than 130 software companies. In turn, these companies created approximately 7,500 jobs.

Sven van Berge, Head of DACH Business at Main Capital Partners, said: “The supply chain software market offers significant growth opportunities for the DACH and Benelux regions and is also becoming increasingly important for companies in the supply chain. an ESG point of view. Both are important investment criteria for Main. By merging two established companies into one group, Main has a solid foundation to better serve the respective market with a more comprehensive solution. We will capitalize on our vast experience in the supply chain software industry and implement it to continue our growth and develop these exciting business synergies to drive FleetGO Group forward.

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