Ease2pay, which facilitates digital payments for customers in the mobility sector, has agreed to acquire Involtum in an all-share transaction.
Under the agreement, Ease2pay will issue 10,714,792 non-listed shares to Involtum shareholders.
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Upon deal completion, Involtum shareholders are expected to hold around 46.4% of the outstanding shares in Ease2pay.
Rotterdam-based Involtum provides an Internet of Things (IoT) smart activation and transaction platform, which features an integrated billing and payment system for electricity and charging infrastructure.
This platform is said to support digital payments for shared self-services at camper sites, at truck parkings, in marinas, in harbours, and launderettes.
Involtum has footprint across Europe with its own brands including Walstroom, NomadPower, and AanUit.net.
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By GlobalDataThe acquisition is part of Ease2pay’s strategy to expand into the EV charging business. It is also expected to help the firm offer IoT and mobile payments solutions to a range of other sectors.
Ease2pay management board member Gijs Campagne said: “This transaction will make Ease2pay the leading mobile payment platform for shared transport services, benefiting from the upcoming energy transition.
“NomadPower, Involtum’s truck and cool trailer charging label, is EU market leader and is well-positioned to capitalise on the transition towards electric trailer cooling and e-trucks.”
As part of the deal, certain existing shareholders of Ease2pay and Involtum agreed to a €6,375,000 capital raise to accelerate the growth of the combined firm.
Involtum managing director and co-founder Edwin Noomen said: “We are very enthusiastic about the opportunity to combine forces with Ease2pay and take the next step to accelerate our growth. Ease2pay’s abilities in mobile payments enhance our capabilities in IoT.
“We are proud to be entering into this new phase with the continued support of our shareholders and we are looking forward to building our combined future.”
