M&A Deal Summary

Eurowag Acquires INELO

On October 25, 2022, Eurowag acquired information technology company INELO from Innova Capital

Acquisition Highlights
  • This is Eurowag’s 1st transaction in the Information Technology sector.
  • This is Eurowag’s 1st transaction in Poland.

M&A Deal Summary

Date 2022-10-25
Target INELO
Sector Information Technology
Buyer(s) Eurowag
Sellers(s) Innova Capital
Deal Type Add-on Acquisition

Target

INELO

Bielsko-Biała, Poland
INELO provides the highest quality software for the analysis and settlement of drivers' working time, devices for digital data collection and GBOX® satellite vehicle location systems. INELO was founded in 2002 and is based in Bielsko-Biała, Poland.

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Buyer(S) 1

Buyer

Eurowag

Praha, Czech Republic

Category Company
Founded 1996
Sector Information Technology
Employees1,300
Revenue 2.2B EUR (2024)
DESCRIPTION

Eurowag is a provider of payment solutions for freight and passenger carriers across Europe and Turkey. It offers a platform that includes a portfolio of cards for vehicle fueling, a unified system of electronic toll payment across a number of European countries, VAT refund and telematics services. Eurowag was founded in 1996 and is based in Prague, Czech Republic.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Poland M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

Innova Capital

Warsaw, Poland

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.6B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Innova Capital is a private equity firm focused on investment opportunities in Central Europe. Innova generally looks to invest in businesses operating in Poland, Hungary, the Czech Republic, however the firm will also consider companies operating in bordering areas, such as the Nordic Countries, as well as Germany and Austria. Target sectors include business services, specialist media, financial services, and telecom. Innova seeks to commit between €25 to €40 million of equity capital per transaction. The Firm's investment horizon is three to five years. Innova Capital was formed in 1994 and is based in Warsaw, Poland.


DEAL STATS #
Overall 30 of 30
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 12 of 12
Country: Poland M&A 21 of 21
Year: 2022 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-14 EnergoBit Group

Cluj-Napoca, Romania

EnergoBit Group is an engineering group focused on provision of services and products for Low, Medium and High Voltage networks. The Group includes 11 companies providing a very broad spectrum of electricity products and services, with core competences in design, engineering, turnkey project management and maintenance services. It also includes two production facilities. The company’s business model facilitates dynamic growth, supports competitiveness and enables to penetrate most attractive markets segments like renewables. EnergoBit Group is based in Cluj-Napoca, Romania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-25 Netopia Group

Bucuresti, Romania

Netopia Group is a Romanian payment services provider consisting of NETOPIA Payments, mobilPay Wallet, web2sms and Kartela. Netopia Group was founded in 2003 and is based in Bucuresti, Romania.

Buy -