BDO advised SOLVARES GROUP GmbH (SOLVARES) on the acquisition of mobileX AG (mobileX) with a multidisciplinary team in the areas of finance and tax. With the acquisition of the company, SOLVARES, as the European champion for resource optimisation, has added mobile solutions for field service management and maintenance to its portfolio.
As part of its strategic growth course and in response to the increasing demand for mobile solutions, SOLVARES has acquired all shares in mobileX. The transaction was closed on 6 July 2022. mobileX is the fifth company in the SOLVARES Group. The SOLVARES Group is an investment company of Deutsche Beteiligungs AG.
mobileX AG, headquartered in Munich, was founded in 2000. The company develops and distributes software for technical service and maintenance. The applications support the optimisation of mobile business processes, such as deployment planning and control in technical field service. The majority of mobileX's customers are based in the DACH region. These include major international corporations, medium-sized companies and hidden champions in the plant and mechanical engineering, medical technology, energy supply, facility management, IT and telecommunications sectors (such as TK Elevators, Melitta, MVV, M-net and Olympus).
In this transaction, SOLVARES was supported by BDO: With teams from the Corporate Finance and Transaction Tax divisions, led by Jan Odewald and Dr Michael Brauer respectively, BDO AG Wirtschaftsprüfungsgesellschaft carried out a financial and tax due diligence and provided comprehensive advice on business, financial and tax issues during the purchase process and the drafting of the contract.