Five Arrows Invests In Solvares Group

HEIKENDORF, Germany - April 18, 2024 - PRLog -- Solvares Group ("Solvares" or "the Company"), the leading German provider of Field Service Management, Field Sales Management, and Transport Management & Logistics solutions, today announced the acquisition of a material equity stake by Five Arrows, the alternative assets arm of Rothschild & Co. Five Arrows targets category‑leading B2B data and software sectors across a focused set of end‑markets including field service and logistics. The Company's current owner DBAG ECF III, a fund advised by DBAG, together with DBAG itself, will maintain a significant equity stake in Solvares and look forward to supporting the next phase of Solvares' growth journey in close partnership with Five Arrows. Financial terms of the transaction were not disclosed.

Solvares provides industry-leading software to help its customers plan, manage, and optimise their field service & maintenance, sales and transport logistics. Sitting at the centre of resource and mobility management, Solvares' platform of solutions helps over 3,000 customers in 45 countries solve complex use cases through proprietary algorithms and best-of-breed technology, thereby delivering tangible efficiency savings for field centric organisations while significantly reducing resource consumption and CO2 emissions.

Ivan Bagaric, Chief Executive Officer of Solvares said, "Our solutions deliver mission critical value to our customers daily. Our business has developed strongly in recent years and I am excited to continue executing our growth roadmap over the coming years and develop Solvares into the European leader for field management and logistics software. With their deep global experience in scaling B2B software businesses and long‑term investment perspective, Five Arrows was our partner of choice to help us drive this next phase in our journey. We are grateful for DBAG's strong support to date and are pleased they will remain our investors alongside Five Arrows."

About the Solvares Group
The Solvares Group is the European champion for resource optimisation along the entire value chain. Solvares' portfolio includes solutions for the entire supply and service chain - from transport logistics to sales to field service. The business focus is always on intelligent resource and process optimisation through best-of-breed solutions for customers.

The Solvares Group was formed in 2018 with the acquisition of FLS GmbH. The expansion with impactit GmbH from Vienna, Städtler Logistik GmbH from Nuremberg and Opheo Solutions GmbH from Hamburg in 2021 created a market leader for resource optimisation in Europe. In June 2022, mobileX AG from Munich joined as the fifth company. The group employs 339 people across 5 countries. Solvares is headquartered in Heikendorf, Germany.

Continue reading this release at: https://solvares.com/en/press/five-arrows-invests-in-solv...