On 27 December 2024, Circle Group announced the acquisition of the telematics and infomobility division of Telepass Innova for €6.2 million. The acquisition includes a business branch of Telepass Innova, a subsidiary of Telepass specialising in telematics and infomobility. The €6.2 million deal represents a significant strategic step for Circle Group, consolidating its presence in the intermodal transport and logistics sector.
The acquired division comprises two key units: one focused on infomobility, which oversees road and motorway traffic monitoring and management, and the other dedicated to telematics, providing advanced technological services for businesses in the logistics, transport, and insurance sectors. Both units boast extensive market experience, developed through synergy with Telepass's tolling services. In 2024, these activities generated an estimated production value of €6.7 million, with an EBITDA margin of 19%, demonstrating their robustness and growth potential.
The transaction was carried out through eXyond, a Circle Group subsidiary, which provided the necessary financial resources. The payment structure includes an upfront sum at the agreement's signing, a component tied to the 2024 economic results, and a success fee set for 2026, conditional on meeting strategic objectives. Furthermore, a decade-long commercial agreement between Circle and Telepass enhances the deal, laying the groundwork for significant expansion of services across Italy and Europe.
This acquisition aligns with Circle Group's growth strategy, outlined in its Connect 4 Agile Growth plan, which focuses on internationalisation and digital innovation. The synergy between Telepass's telematics solutions and Circle's expertise in multimodal logistics expands the group’s offering, incorporating advanced technologies such as e-CMR and eFTI. This enhanced positioning strengthens Circle's ability to grow its presence in strategic markets like France, Germany, and Southeast Europe, where over 60% of on-board unit (OBU) solutions are already in operation.
