SWARCO acquires Dynniq Mobility
Dynniq Mobility becomes part of the Austrian traffic technology group SWARCO
Today SWARCO announced the acquisition of Dynniq Mobility. We are excited to become part of the family-owned technology corporation. This is a big step for us in strengthening our position in the ITS industry as together we will be able to accelerate innovation. Dynniq Mobility was previously owned by the private equity fund Egeria that took over Imtech Traffic & Infra in 2015 with subsequent rebranding to Dynniq.
Our ITS industry is facing major changes, brought about by several global mega-trends, such as Urbanization, Automated Driving, Digitalization, Artificial Intelligence, just to name a few. Through SWARCO’s acquisition of Dynniq Mobility, a unique global player in terms of ITS domain expertise, an expanded product portfolio as well as scale, will be established. By combining our teams of highly skilled domain experts, we will significantly accelerate our R&D roadmap and in that way actively drive innovation in our industry. Our joint and thus unique installed base, also covering geographical areas currently underserved by SWARCO, will give us an unparalleled lever to bring these innovations to the market and in that way ensures we serve our current and future customers’ needs.
Egeria’s Mark Wetzels comments the transaction as follows: “In our evaluation we identified SWARCO as a family-owned business with a 5-decade track record in the traffic industry. Financially solid, the Austrian group can be considered a great new home for Dynniq Mobility, with strong potential for a joint sustainable growth. Egeria and the supervisory board are very proud of what the Dynniq Mobility team has accomplished so far. We wish them all the best under the leadership of SWARCO.”
The acquisition of Dynniq Mobility adds roughly 1,100 colleagues to the SWARCO Group and revenues exceeding 200 million EUR. “For us, the integration of Dynniq Mobility represents a big step in significantly strengthening our position in the ITS industry“, comments Michael Schuch, the speaker of the SWARCO 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 organizational setup.”
Together, SWARCO and Dynniq Mobility will continue to focus on delivering exemplary integrated solutions and services for their customers. The biggest beneficiaries of the acquisition are road users all around the globe. Safe, sustainable and efficient travel increasingly depend on innovative solutions and skilled professionals. With the combined expertise, SWARCO and Dynniq Mobility will be able to accelerate the development, adoption and usage of these ITS solutions. This reduces the number of fatalities and CO2 emissions and improves travel experiences.
“By being part of the traffic technology group SWARCO, we are excited to further strengthen our offering and market position”, says Dynniq Mobility CEO Jan Vos. “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. I am proud of all that we have accomplished as Dynniq Mobility so far and I am looking forward to the journey ahead.”
Our main focus now needs to be on bringing this new, joint, customer centric organization to life. This will be done on the basis of solid assessments and planning. We will communicate our next steps and what this means for us all in due course.
SWARCO’s leading idea is to improve quality of life by making the travel experience safer, quicker, more convenient and environmentally sound. With more than five decades of experience in the industry, the Austrian traffic technology corporation produces and provides a large range of products, systems, services, and turnkey solutions for road marking, urban and interurban traffic management, parking, and public transport. Cooperative systems, infrastructure-to-vehicle communication, e-mobility, and integrated software solutions for the Livable City complement the group’s future-oriented portfolio. 4000 traffic experts are keen to shape together with all stakeholders in the traffic industry the transition from conventional traffic management to value-added services fit for the traveller in the digital age. SWARCO’s products, systems and solutions contribute to greater road safety and intelligent traffic management in 80 countries and generate revenues of three quarters of a billion euros.