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November 30, 2021

Ease2pay brokers deal to buy IoT transaction platform Involtum

By Shalini mani

Ease2pay, which facilitates digital payments for customers in the mobility sector, has agreed to acquire Involtum in an all-share transaction.

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Under the agreement, Ease2pay will issue 10,714,792 non-listed shares to Involtum shareholders.

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.

The 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.”

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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