Benchmark International is pleased to announce the acquisition of Mobil Information Systems (MIS) by Total Specific Solutions (TSS).
MIS is an Irish company with a 20-year track record delivering in-vehicle telematic solutions to a wide variety of companies in Ireland, as well as partners in South Africa, Mexico and the USA.
The company develops software products that enable clients to better manage their fleet assets across a diverse range of industries. Operating from its headquarters in Swords, Ireland, MIS also has an office in Cardiff, Wales.
Netherlands-based TSS is a global provider of IT business solutions. TSS is active in a wide variety of sectors including healthcare, government, financial and legal services, accountancy, agriculture, automotive, construction, education, geoscience, hospitality, manufacturing, maritime, mobility, publishing, real estate, and retail.
On the acquisition trail, the deal represents TSS’ seventh acquisition in the UK and Ireland, and its second Irish software company.
TSS is a part of Topicus.com Inc, leading pan-European provider of vertical market software and vertical market platforms. The company is listed on the Canadian TSX Venture Exchange.
Greg Davidson, shareholder and former managing director of MIS, commented: “We were looking for a new owner for MIS as one of the shareholders, Kevin Milford, wanted to retire. We are proud of the company we have built and were looking for a way to continue our journey for the employees our clients, our partners, and the brand. So, when TSS approached us with their ‘perpetual ownership’ approach, we were very interested.
“Being part of a large international software company gives us the leverage to take our company to the next level. It will be interesting to have around 6,000 colleagues all active in the software industry. We look forward to gaining new insights on running software companies and to sharing our vertical expertise in the group in addition to becoming an independent business unit of TSS and working alongside Arjen de Wit and Martijn Aardema.”
Martijn Aardema, general manager at TSS, said: “We are pleased to welcome MIS to TSS. This is our first mobility/tracking solution company in the Ireland/UK region, and we are building a wide foundation of software companies in this region.
“I look forward to assisting Greg Davidson and the team, with Portfolio Manager Arjen de Wit, to help them develop a new phase as an independent business unit of TSS.”
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com
Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com
Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com
ABOUT BENCHMARK INTERNATIONAL
Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $9.4 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive M&A Advisor in the World by Pitchbook’s Global League Tables.