LONDON, UK: Hg, a leading investor in European and transatlantic software and services businesses, has announced that it has acquired a majority stake in Nomadia, a leading European SaaS provider of smart mobility solutions.
The deal will see the Nomadia management team and former majority owners remain as investors in the business.
Nomadia, based in France, offers mobile applications and SaaS solutions that help companies plan and optimize their mobile workers’ travel and activity in real-time. Its solutions cater to the daily needs of mobile professionals such as technicians, sales representatives and delivery drivers. Nomadia delivers tangible benefits to its clients, including significant productivity gains and up to 30% reduction in CO2 emissions. It has over 2,200 clients and more than 188,000 users across 28 countries.
Fabien Breget, CEO of Nomadia, said: “This investment from Hg is both a testament of Nomadia’s leading position and a recognition of the great work from our team. We were impressed by Hg’s depth of expertise, agility in execution and partnership mindset. Hg brings a network of talent, significant financial capital and decades of experience in scaling premium software businesses. This partnership represents a formidable springboard to accelerate our development, product innovation and international ambition.”
Nomadia fits well with Hg’s experience in ERP & Payroll software, where it currently has over €7 billion capital at work. Over the past 12 months, Hg has raised over €20 billion additional capital for new investments and recently opened an office in Paris, France, to further accelerate its activity in the region.
Alexandre Flavier, Partner at Hg, said: “We are delighted to partner with Fabien and his talented team. We were impressed by the quality of their products, the strength of their clients’ feedback, and the impact of their mission: to enable mobile workforces to gain productivity while increasing safety standards and reducing CO2 emissions. We look forward to helping them build a European champion, accelerating their growth at scale and beyond borders.”
With Hg’s investment and expertise, Nomadia will be able to boost its R&D and product innovation, including in AI, IoT and machine learning. The company will also benefit from the best practices from the Hg portfolio, especially in go-to-market, operational excellence, and tech platform roadmap, and access to Hg’s deep network of talent. Hg will also support Nomadia’s international expansion, both organically and via acquisitions, to strengthen its leadership position in Europe.
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