Carlsquare successfully advised VR Equitypartner on the sale of its portfolio company DILAX Intelcom GmbH (“DILAX”) to init innovation in traffic systems SE (“init”). As of September 6, 2024, DILAX will become part of the init Group to accelerate its growth through digitalization solutions and the development of urban mobility concepts.
Founded in 1988, DILAX specializes in the development of hardware and software solutions for urban spaces and operates in 1,800 cities across 30 countries. The Berlin-based company, with 160 employees, recently generated revenues of approximately 20 million euros.
init is a leading provider of integrated IT solutions for public transportation. For over 40 years, the company has been supporting more than 1,100 transportation companies worldwide by optimizing their operations with modular and standardized solutions for planning, scheduling, telematics, and ticketing to enable efficient and sustainable mobility.
“We are excited to lead our company into a successful future together with init. This collaboration opens up new opportunities and strengthens our innovative capabilities. A special thanks to Steffen Leckert and the entire Carlsquare team for the very pleasant and constructive collaboration on this project, and for the excellent support throughout the transaction,” – Wolfgang Keller, CEO of DILAX Intelcom GmbH
“By acquiring DILAX, we gain access to over 300 long-standing customers and strengthen our position in the railway market in Europe and North America. At the same time, we can leverage synergies in the development of new hardware and software products,” – Dr. Ferber, CFO of init
The init Group expects positive impacts on order intake, revenues, and earnings as early as the 2024 fiscal year. init benefits from the global trend toward sustainable investments in the digitalization of the transportation sector.
Carlsquare acted as the exclusive advisor to DILAX Intelcom GmbH.
