London, 1 September 2020: Volpi Capital (“Volpi”), a specialist European lower mid-market private equity firm, announces its seventh investment with the management buyout of Moving Intelligence B.V., the Dutch leader in aftermarket vehicle security, fleet management and telematics solutions, alongside co-investor Surmount Ventures, a Dutch venture capital investor
Founded in 1999, Moving Intelligence offers the most advanced proprietary services in the fields of vehicle security, trip registration, fleet management, workforce monitoring and asset tracking. It is the market leader in the Netherlands and works with a wide range of national and international OEMs, leasing companies, insurers, corporates and SMEs across various industries including workforce management, asset management and construction, amongst others. The company currently employs 34 people, across 3 countries.
In partnership with Volpi Capital and Surmount Ventures, the company will expand new geographies and expects to grow the organisation considerably across Europe over the coming years, both organically and through a targeted buy-and-build strategy.
Marco Sodi, Volpi Capital: “We have been researching security and telematics solutions for the transportation sector for several years and, when we started talking with Patrick and Moving Intelligence, the strengths of the company and management team were immediately apparent. We are excited by the growth prospects for the company, particularly across B2B markets, both domestically and internationally. We are looking forward to working with such a successful entrepreneur and supporting the team on their journey.”
Patrick Horst, CEO Moving Intelligence: “We are very pleased to have Volpi Capital and Surmount Ventures on board, who both have a deep industrial knowledge and understanding of our business and market opportunities. We are looking forward to further drive our international expansion and strengthen our leading position in the vehicle and equipment security and fleet management markets. Moreover, this joining of forces creates more room to invest in the technological innovation of our automotive solutions by further improving our own online software platform and mobile app.
We are ready to expand on every level and we do believe Volpi Capital and Surmount Ventures are the right partners with whom to achieve this.
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ABOUT VOLPI CAPITAL
Volpi Capital is a specialist European lower mid-market private equity firm. Volpi has a thesis-driven
approach targeting ambitious businesses using enabling technologies to disrupt traditional B2B value
chains. Volpi typically invests €25-75 million of equity in businesses with enterprise values between €50 million and €200 million and seeks to drive transformative growth through international expansion and consolidation. The firm, which was founded in 2016 by Crevan O’Grady and Marco Sodi, closed its first fund (Volpi Capital Fund I) in April 2018 with commitments of €185 million.
ABOUT MOVING INTELLIGENCE
Founded in 1999, Moving Intelligence enables management of all things moving. With hardware they integrate invisibly and software that makes information visible. The company offers the most advanced services in the field of security, trip registration, fleet management and sustainable mobility, allowing clients to monitor, control and safeguard all things moving worldwide. The company serves a wide range of clients: multinational or retailer, fleet manager or proud owner of a vintage car. Moving Intelligence has over 20 years of experience, is market leader in the Netherlands and has established presences in Belgium and Greece.
ABOUT SURMOUNT VENTURES
Surmount Ventures is a specialist Dutch mid-market private equity firm. Lead by entrepreneur-investors Surmount is looking for companies that challenge the status quo and bring new ideas to life. We are open to invest across every sector where financial success creates meaningful impact. Our main focus is on companies bringing innovation with impact to their market segment and customer base. The firm, which was founded in 2019 by Roelof Bijlsma and Rene Schelvis, closed its first fund (Surmount Growth and Innovation Fund I) in June 2020 with commitments of €44 million. https://surmount.ventures/