Paris, France. 20th July 2023. Nomadia, a leading European SaaS provider of smart mobility solutions, announced that it has secured a majority investment from Hg, a leading investor in European and transatlantic software and services businesses. As part of this transaction, the Nomadia management team and former majority owners will continue as investors in the business.
Headquartered in France, Nomadia’s mobile applications and SaaS solutions enable companies to plan and optimize their mobile workers’ travel and activity in real-time. Its solutions address the daily needs of mobile professionals such as technicians, sales representatives and delivery drivers. Nomadia delivers tangible ROI to its clients including material productivity gains and can reduce CO2 emissions by up to 30%. It serves over 2,200 clients and more than 188,000 users across 28 countries.
Fabien Breget, CEO of Nomadia, said: “This investment from Hg is both a testament of Nomadia’s leading position and a recognition of the great work from our team. We were impressed by Hg’s depth of expertise, agility in execution and partnership mindset. Hg brings a network of talent, significant financial capital and decades of experience in scaling premium software businesses. This partnership represents a formidable springboard to accelerate our development, product innovation and international ambition.”
Nomadia sits at the core of Hg’s experience in ERP & Payroll software, where it currently has over €7 billion capital at work. Over the past 12 months, Hg has raised over €20 billion additional capital for new investments and recently opened an office in Paris, France, to further accelerate its activity in the region.
Alexandre Flavier, Partner at Hg, said: “We are delighted to partner with Fabien and his talented team. We were impressed by the quality of their products, the strength of their clients’ feedback, and the impact of their mission: to enable mobile workforces to gain productivity while increasing safety standards and reducing CO2 emissions. We look forward to helping them build a European champion, accelerating their growth at scale and beyond borders.”
Going forward Hg’s investment and expertise will be used to support Nomadia’s investment in R&D and product innovation, including in AI, IoT and machine learning. The company will be able to leverage best practices from the Hg portfolio, notably in go-to-market, operational excellence, and tech platform roadmap, and capitalize on access to Hg’s deep network of talent. Hg will also support Nomadia’s international growth, both organically and via acquisitions, to reinforce the business’ leadership position in Europe.
The terms of the transaction are not disclosed.
For further information, please contact:
Nomadia:
AxiCom France
rpnomadia@axicom.com
