MECOMO AG & Giesecke+Devrient GmbH

17. May 2023

As a strategic portfolio expansion in the field of IoT, Giesecke+Devrient is making its second transaction with MECOMO after the acquisition of Pod Group in 2021.

The shareholders of MECOMO AG have sold 100% of the shares to the Giesecke+Devrient Group to enable the company’s further growth in the context of a larger strategic alliance. Giesecke+Devrient, a Munich-based global security technology group, is expanding its product and service portfolio in the IoT market with the acquisition.

Founder and CEO of MECOMO AG, Stefan Heimerl, who will continue to drive the further growth ambitions of the target, is excited about the strategic perspectives for customers and employees: “Central Europe is home to the world’s most prominent logistics companies. Our innovative IoT solutions have established and proven themselves here. As part of the G+D family, we will now help customers worldwide to increase their productivity and sustainability by digitizing logistics processes. In doing so, we are bringing ‘Green Logistics’ to the whole world and making a measurable contribution to protecting our planet.”

For Giesecke+Devrient, this is the second acquisition in the IoT market, following the takeover of Pod Group, an Enterprise Network Operator (ENO) specializing in scalable, mobile-networked solutions for the Internet of Things, in 2021. “Over the last years, we have consistently pursued our strategic goals and invested heavily in our digital portfolio, which now contributes around a quarter of our total revenue. Following the acquisition of Pod two years ago, the purchase of MECOMO now further strengthens our activities in the field of IoT. This enables us to support companies in their digital transformation with a comprehensive offering,” says Ralf Wintergerst, CEO of Giesecke+Devrient, underlining the strategic relevance of the acquisition of the MECOMO AG.

The transaction of MECOMO AG demonstrates the ongoing demand for digital solutions in managing logistics processes, which has also been manifested in a very active M&A environment for supply chain technology in the recent past.

Atares* acted as exclusive M&A advisor to the shareholders in the preparation and realization of the transaction. In addition to the running of a structured sales process, the advisory services included the preparation of marketing and transaction documents, identification and approaching of potential investors including management presentations as well as support in the due diligence and negotiation of the transaction. Through this transaction, atares was once again able to demonstrate its competence and network in the Supply Chain Tech environment as well as the execution of competitive processes. The atares transaction team: Jan Pörschmann (Partner, Munich), Florian Liepert (Director, Munich), and Maximilian Gluchowski (Senior Associate, Munich).

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About MECOMO AG

MECOMO is the leading provider of integrated software and hardware solutions for tracking and tracing of non-powered logistics objects in German-speaking countries. Since 2008, the company, which was founded in 2000 and is based in Unterschleissheim, has been developing and selling telematics solutions and is the founder of solar telematics. With the solar-powered mobile gateways from the mecSOLAR series, MECOMO offers reliable hardware with lifetimes of up to 15 years that are unmatched by the competition to over 100 well-known customers from the logistics and retail sectors. The core of the integrated telematics solution is the intelligent mecFLEET platform, which provides users with actionable insights into their logistics processes.
Today, MECOMO AG employs over 50 people at its two locations in Unterschleissheim, Germany and Porto Alegre, Brazil. For more information, visit https://www.mecomo.com/

About Giesecke+Devrient

Giesecke+Devrient (G+D) is a global security technology group headquartered in Munich. As a trusted partner to customers with the highest demands, G+D secures the essential values of the world with its solutions. The company develops technology with passion and precision in four major playing fields: payment, connectivity, identities and digital infrastructures.
G+D was founded in 1852. In the fiscal year 2022, the company generated with more than 12,600 employees a turnover of 2.53 billion euros. G+D is represented by 103 subsidiaries and joint ventures in 33 countries.
For more information, visit www.gi-de.com

About atares

Atares is the digital M&A boutique for technology-driven midcap companies in Germany and sees itself as a pioneer for the digitalization of the M&A industry. Founded in 2001, atares has advised more than 200 transactions in more than 20 years. The focus is on transaction volumes between EUR 10 and 100 million of mostly owner-managed companies. Since November 2023, the company formerly known as Proventis Partners, Munich, has been operating under the new company name atares GmbH. Atares has long-standing personal contacts with corporate and Private Equity investors and M&A advisors in Europe, North and South America and Asia. Highly specialized expertise for the market, empathy for people and passion make atares a sought-after M&A partner for the tech champions of tomorrow. More than 20 employees at atares in Munich and Düsseldorf manage their projects via the in-house developed digital M&A dealfloor (dealfloor.co) – for value-adding, efficient transactions with the best user experience.