Rymarz Zdort advises Inelo Group on acquisition of majority stake in FireTMS

We are pleased to announce that Rymarz Zdort advised Inelo Group on a transaction involving the acquisition of a majority stake in FireTMS.com sp. z o.o. (“FireTMS”).

The Inelo Group is an international leader in providing technological solutions for heavy duty transport in the CEE/SEE region. The company operates in 16 European markets and has equipped the TSL sector with digital GPS solutions and driver time analysis and settlement software for the past 20 years. Over 86 thousand vehicles in total are equipped with Inelo’s telematic devices, over 100 thousand drivers use the 4Trans software, and over 60 thousand drivers are cleared under OCRK. As part of the “one-stop-shop” strategy, the company has established business relations with over 14 thousand transport and logistics companies. Furthermore, Inelo provides 42 inspectorates in 23 countries with instruments used to control international road transport.

FireTMS offers transport management software for carriers and shippers in the region of Central and Eastern Europe, fully adapted for sale in foreign markets. The company currently has a network of 650 customers in Poland, the Czech Republic, Slovakia, Romania and Germany.

The acquisition of FireTMS will strengthen the Inelo Group’s position in CEE and will increase the geographical area of its product distribution to also cover new markets such as Romania and the Czech Republic. It will also complement the offer of telematics technology solutions with a tool based on an SaaS model and designed for small and medium-sized enterprises.

The closing of the transaction is subject to the satisfaction of conditions precedent as agreed in the relevant contract.

Rymarz Zdort provided comprehensive transactional assistance. The advising team comprised Paweł Zdort, Małgorzata Deruś, Jakub Krzemień and Jakub Wilk.

Transactional support was also provided by the due diligence team led by Monika Kierepa, and comprising of: Marek Kanczew, Barbara Skardzińska, Honorata Skibicka, Kamil Kłopocki, Kamila Banaś, Lidia Bronicka, Marcin Banak, Marta Szczepkowska, Michal Lulka, Szymon Marciniak, Maksymilian Kaszubowski.