Add-on Acquisition • Financial Services

r2p Acquires Profinans ApS

On September 9, 2013, r2p acquired financial services company Profinans ApS

Acquisition Context
  • This is r2p’s 1st transaction in the Financial Services sector.
  • This is r2p’s 2nd transaction in Denmark.

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M&A Deal Summary

Date September 9, 2013
Target Profinans ApS
Sector Financial Services
Buyer(s) r2p
Deal Type Add-on Acquisition

Target Company

Profinans ApS

Viborg, Denmark
Profinans ApS offers financial services related to the Protracking activities enabling the clients to finance the full service solution with monthly fees. The financing offers complete the group's set up of providing leading soft- and hardware solutions without upfront investment needed.
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Buyer Overview 1

Buyer

r2p

Flensburg, Germany

Category Company
Founded 2009
Sector Technology Hardware
Revenue 9M EUR (2014)
DESCRIPTION

r2p develops and manufactures intelligent transport systems (ITS) for public transport that, among other things, increase passenger safety and coordinate travel routes effectively with an overall goal to reduce environmental impact. r2p was founded in 2009 and is based in Flensburg, Germany.


Deal Context for Buyer #
Overall 2 of 4
Sector: Financial Services 1 of 1
Type: Add-on Acquisition 2 of 4
Country: Denmark 2 of 3
Year: 2013 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-09 ProTracking ApS

Viborg, Denmark

ProTracking ApS is a provider of fleet management systems, eco driving performance and data management with own redundant hosting facilities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-22 TechHouse.dk A/S

Ringsted, Denmark

TechHouse.dk A/S is involved in selling IT solutions to companies and business will in future further develop its core products.

Buy -