Austrian traffic technology group Swarco has announced the acquisition of Dynniq Mobility.
Headquartered in Amersfoort, the Netherlands, Dynniq provides urban and interurban traffic management solutions in 39 locations throughout Europe. The acquisition adds roughly 1,100 employees to Swarco and revenues exceeding €200m.
“For us, the integration of Dynniq Mobility represents a big step in significantly strengthening our position in the ITS industry“, said Michael Schuch, speaking on behalf of Swarco’s 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 organisational setup.”
While Dynniq’s parking management solutions and energy segments were not part of the transaction, Jeremy Cowling, vice president of Swarco’s ITS division for UK and North Europe, said the acquisition will boost the company’s operational presence and installed base in currently underserved geographical areas, particularly the Netherlands, UK, Ireland, Finland and Belgium.
“A large proportion of Dynniq Mobility’s turnover is recurring revenues from longer-term service contracts in urban and interurban traffic management,” said Cowling. “Together, Swarco and Dynniq Mobility will continue to focus on delivering exemplary integrated solutions and services for their customers.”
Dynniq Mobility CEO Jan Vos added: “By being part of Swarco, we are excited to further strengthen our offering and market position. 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.”
Prior to today’s acquisition by Swarco, Dynniq Mobility was owned by private equity fund Egeria, which took over Imtech Traffic & Infra in 2015 before subsequently rebranding to Dynniq.
