Since its foundation in 1999, Moving Intelligence offers the most advanced services in the field of vehicle security, journey registration, fleet management and security of work equipment and mobile objects. They do this using hardware that is invisibly built into vehicles, work equipment and mobile objects and software that collects information and provides real-time insight into the data. Moving Intelligence is the market leader in the Netherlands and works with a wide variety of national and international OEMs, lease companies, insurers, corporates and SMEs in various sectors, including the temporary employment, construction and installation industry.
Moving Intelligence has shown impressive growth in recent years with EBITDA more than doubling over the 2017-2019 period. The company works with G4S and Vodafone as international partners, is present in three European countries and has 34 employees. Moving Intelligence works for established European car manufacturers such as Audi, Bentley, BMW, Lamborghini, Mercedes-Benz and Volkswagen and has a large distribution network of sales and installation partners.
In partnership with Volpi Capital and Surmount Ventures, the company will expand into 10 new European markets in the coming years and expects to grow with an additional 45 employees, spread across several European markets. This ambition is driven by a targeted buy-and-build strategy and a focus on the core services of Moving Intelligence. There are also significant opportunities in the field of security and in the tracking and management of mobile objects in the construction and recreation sector. This includes work equipment, boats, campers and motorcycles.
Patrick Horst, CEO Moving Intelligence: “We are very pleased to partner with Volpi Capital and Surmount Ventures, both of whom have in-depth knowledge of the industry, our business and market opportunities. We look forward to accelerating our international expansion and strengthening our leadership position in vehicle security, implement security and fleet management. Moreover, this joining of forces creates more room to invest in technological innovation of our automotive solutions by further improving our own online platform and mobile app. We are ready to expand at every level and we are confident that Volpi Capital and Surmount Ventures are the right partners to join in.”
Marco Sodi, Volpi Capital: “We have been researching security and telematics solutions for the automotive sector for years. When we talked to Patrick and Moving Intelligence, the strengths of the company and the management team were immediately apparent. We see tremendous growth opportunities for the company, particularly in the B2B markets and internationally. Due to our focus on B2B software, data and services, we have a good understanding of their business model and also see what opportunities lie ahead of them. With their stable track record, strong customer base, thorough market research and innovative products, we are convinced that they will realize their ambition to bring feed and implement security to new European markets in the coming years. We look forward to working with such a successful entrepreneur and supporting the team in their further development.”
Roelof Bijlsma, Surmount Ventures: “We are always looking for companies that think beyond the status quo and bring innovation with impact. Moving Intelligence is such a company. They are unique in developing proprietary solutions for a wide range of mobility services. Because they serve a large market, we see a lot of growth potential, especially in Europe. I am confident that we can help them achieve significant growth.”
Moving Intelligence's vision, strategy and culture will remain unchanged with the arrival of the new capital partners. The company will also continue to provide customers with the support and service they have come to expect. The company plans to accelerate their international growth in the coming years and to invest further in innovative software solutions.
Founded in 1999, Moving Intelligence helps their clients get a grip on everything that moves. They do this with invisibly built-in hardware and software that makes information visible. The company offers the most advanced services in the field of vehicle security, journey registration, fleet management and sustainable mobility. In this way they enable customers to track, manage and monitor everything that moves. The company serves a large and varied customer base: multinational or retailer, fleet manager or the proud owner of a classic car. Moving Intelligence has more than 20 years of experience, is market leader in the Netherlands and is operational in Belgium and Greece.
Volpi Capital is a specialist European private equity firm in the low and mid-market segment. Volpi works with a thesis-driven approach and focuses on ambitious companies that use enabling technologies that go beyond traditional B2B value chains. Volpi typically invests €25-75 million in equity in companies with an enterprise value between €50 million and €200 million and aims for growth through international expansion and consolidation. Founded in 2016 by Crevan O'Grady and Marco Sodi, the company closed its first fund (Volpi Capital Fund I) in April 2018 with a commitment of €185 million.
More information: volpicapital.com
Surmount Ventures is a specialist European private equity firm in the mid-market segment. Led by entrepreneurial investors, Surmount is always looking for companies that think beyond the status quo and bring new ideas to life. The company is open to investing in any industry where financial success meets meaningful impact. Surmount's main focus is on companies that bring innovation with impact. Founded in 2019 by Roelof Bijlsma and Rene Schelvis, the company closed its first fund (Surmount Growth and Innovation Fund I) in June 2020 with a commitment of €44 million.
More information: surmount.ventures