\nWe review the largest investment rounds of companies specialising in the development of SaaS solutions for the Transport sector. We also analyse the purchase of Syncromatics by the Spanish multinational GMV.<\/p>\n
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\nWe review the largest investment rounds of companies specialising in the development of SaaS solutions for the Transport sector. We also analyse the purchase of Syncromatics by the Spanish multinational GMV.<\/p>\n
GMV<\/a>\u00a0is a Spanish multinational specialised in the development of technological solutions for public administration and large companies in the aerospace, banking and finance, defence, health, security, transport, automotive, telecommunications and information technology sectors.<\/p>\n The company, founded in 1984 and based in Madrid, is controlled by the family of founder Juan Jos\u00e9 Mart\u00ednez. The management has a minority stake, and the Mart\u00ednez family has no interest in selling its share in the group for the time being.<\/p>\n The Spanish multinational generated a turnover of \u20ac141M in 2016, 14% higher than in 2015, and expects moderate growth in the figures it will unveil in 2017.<\/p>\n GMV is interested in realizing mergers and acquisitions<\/a> to enter new markets, regions or countries and increase its presence in some of the sectors in which it operates, as part of the international expansion strategy in which it has been immersed for years.<\/p>\n <\/p>\n Syncromatics<\/a>based in Los Angeles (USA), is a company dedicated to providing SaaS (Software as a Service) solutions for the intelligent public transport systems market.<\/p>\n The American company provides its services to more than 130 public transport operators and authorities in 26 EU states.<\/p>\n Among its most recent and prominent clients are the City of Los Angeles Department of Transportation (LADOT), the Los Angeles Metropolitan Transportation Authority (LA METRO), MV Transportation, the County of Ventura in the State of California, the Victor Valley Transit Association in California, and the City of Maui in Hawaii, among others.<\/p>\n The Spanish technology multinational GMV has completed the purchase of 100% of the capital of the US company Syncromatics.<\/p>\n GMV was the majority shareholder of Syncromatics since September 2015, when it acquired the American company's 71%, as we analysed in our post \"Investment analysis of the Spanish technology multinational GMV<\/a>\".<\/p>\n As part of GMV's strategy of international expansion and growth, which it has been pursuing for several years now, the USA has been a priority. GMV already had a subsidiary in that country since 2004 and had identified a major growth opportunity in the expanding market for intelligent public transport systems. In this context, Syncromatics offers GMV an excellent base for accelerated growth in the US, and allows the exploitation of very important synergies in the future that will multiply the growth of the company and the creation of value for GMV in the US and abroad.<\/p>\n Since the Spanish multinational completed the first phase of the acquisition in 2015, Syncromatics has tripled in size, even making new mergers and acquisitions<\/a>The company also acquired the technology company Mobilitat Works Inc. in 2016, which specialises in providing solutions in the North American market for Intelligent Systems for on-demand public transport. This operation also allowed GMV to complete the portfolio of its technological offer for public transport operators in the US, with a management solution for both fixed-line operators and those with on-demand transport services or Paratransit.<\/p>\n <\/p>\n <\/p>\n\n<\/span>About Syncromatics<\/span><\/h2>\n
<\/span>CORPORATE FINANCE EXPERTS<\/span><\/h2>\n
<\/span>GMV completes purchase of Syncromatics<\/span><\/h2>\n
<\/span>Analysis of investment in SaaS for Transports<\/span><\/h2>\n