SWARCO AG has acquired 100% of the shares in Dynniq Mobility, adding roughly 1,100 colleagues to the SWARCO Group along with revenues of more than £172m.
However, the Dynniq Group’s parking management solutions (WPS) and energy were not part of the transaction.
Dynniq Mobility was owned by the private equity fund Egeria, which took over Imtech Traffic & Infra in 2015 with subsequent rebranding to Dynniq.
The company is headquartered in Amersfoort, the Netherlands, and has a total of 39 locations across the world including in the UK, Ireland, Finland, Belgium, Poland, Croatia, Denmark, Sweden and Lithuania.
Representatives from Egeria, SWARCO and Dynniq celebrate the deal in The Hague
Swarco said Dynniq has a strong market position in the fields of urban and interurban traffic management and public lighting, as well as considerable expertise in managing large infrastructure projects.
'For us, the integration of Dynniq Mobility represents a big step in significantly strengthening our position in the ITS industry,' said Michael Schuch, the speaker of the SWARCO executive board.
'We are confident that this winning combination will help us accelerate our R&D roadmap to address the rapidly changing landscape and drive innovation in our industry. Moreover, the companies have a complementary footprint in terms of product portfolio, service offering and market penetration, and are very similar in their corporate cultures and organizational setup.'
Dynniq Mobility CEO Jan Vos said: 'Our long-lasting domain expertise combined with our innovative products and unique installed base in various countries will build and expand on the strong international footprint of SWARCO. I am proud of all that we have accomplished as Dynniq Mobility so far and I am looking forward to the journey ahead.'
A large proportion of Dynniq Mobility’s turnover is recurring revenues from longer-term service contracts in urban and interurban traffic management, SWARCO said, adding that together the two companies 'will continue to focus on delivering exemplary integrated solutions and services for their customers'.
SWARCO and Dynniq Mobility aim to accelerate the development, adoption and usage of ITS solutions to reduce the number of fatalities and CO2 emissions and improves travel experiences.
Egeria’s Mark Wetzels said: 'In our evaluation we identified SWARCO as a family-owned business with a five-decade track record in the traffic industry.
'Financially solid, the Austrian group can be considered a great new home for Dynniq Mobility, with strong potential for a joint sustainable growth. Egeria and the supervisory board are very proud of what the Dynniq Mobility team has accomplished so far. We wish them all the best under the leadership of SWARCO.'
