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Ease2pay Announces Intended Acquisition of Involtum and Capital Raise to Accelerate Growth

Ease2pay Announces Intended Acquisition of Involtum and Capital Raise to Accelerate Growth

Ease2pay N.V., a payment services provider focusing on digital payments for customers and merchants in the mobility sector, announces that it has entered into an agreement with the shareholders of Involtum Holding B.V. (“Involtum”) to acquire all shares in the share capital of Involtum. Involtum offers an IoT (Internet of Things) smart activation and transaction platform, with integrated billing and payment system focussing on electricity and charging infrastructure and digital payments for shared self-services in harbours, at truck parkings, at camper sites, in marinas and launderettes. Involtum is based in Rotterdam and active throughout Europe with its own labels including Walstroom, NomadPower and The combined company is well positioned to benefit from significant growth in the mobile payment market and unlock synergies by combining their user bases and leverage their respective technology platforms. Involtum and its team is expected to be fully integrated in the Ease2pay activities and participate in an expanded management team.

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Gijs van Lookeren Campagne, member of the management board of Ease2pay commented: “I am very pleased to announce the intended acquisition of Involtum. This transaction will make Ease2pay the leading mobile payment platform for shared transport services, benefiting from the upcoming energy transition. NomadPower, Involtum’s truck and cool trailer charging label, is EU market leader and is well positioned to capitalise on the transition towards electric trailer cooling and e-trucks. Thanks to obtained commitments from the management team of both Ease2pay and Involtum, as well as long-term shareholders of Ease2pay, we can pursue our ambitious growth strategy. The proceeds from the capital raise will allow us to invest in the expansion of our joined businesses and leverage our combined platforms. While we work towards closing of this transaction and the integration of our businesses, management continues to look for further sources of funding to support our growth acceleration.”

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Edwin Noomen, managing director and co-founder of Involtum commented: “We are very enthusiastic about the opportunity to combine forces with Ease2pay and take the next step to accelerate our growth. Ease2pay’s abilities in mobile payments enhance our capabilities in IoT. We are proud to be entering into this new phase with the continued support of our shareholders and we are looking forward to building our combined future.”

The acquisition of Involtum is in line with previously announced growth ambitions of Ease2pay and follows an assessment of the Company’s various strategic growth opportunities executed earlier this year. Through this Transaction, Ease2pay expects to benefit from strong trends supporting growth of self-service by offering IoT and mobile payments solutions to a wider range of sectors. On the corporate a detailed combined Investor Presentation is published.

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