- DKV Mobility, provider of international mobility services and for decades one of the leading companies in the mobility industry, now fully family-owned again
- After a five-year partnership, the Fischer family repurchases the 20 percent minority stake from CVC
- CVC, one of the world's largest private equity firms with expertise in international investments and capital markets, acquired the shares in the fast-growing company in 2019 and, in line with the Fischer family, has since supported the management in further accelerating the growth trajectory
- During this time the company has significantly increased its product and service offering and strengthened the positive development of business performance
- DKV Mobility, which now has more than 2,500 employees, will continue to pursue its long-term growth strategy and, with the Fischer family as sole shareholder, implement new ideas and impetus for greater efficiency and sustainability for its customers
The Fischer family, who has been shareholder of the company since 1959, has reached an agreement with CVC to repurchase the 20 percent stake from funds under the management of CVC. CVC funds acquired this stake in the middle of 2019 and since then has worked closely with the Fischer family and the company’s management to further grow the company.
Jan Fischer, Majority Shareholder and Chairman of the Administrative Board of DKV Mobility, says: “We have built on the great potential DKV Mobility always had as a leading European mobility platform and made our company even more dynamic and competitive in recent years. I would like to thank our partner CVC, with whom we have further professionalized and internationalized the company together with the management. We are now looking forward to continuing the successful growth course in family ownership with investments and new ideas.”
DKV Mobility is a leading B2B platform for on-the-road payments and solutions, serving over 374,000 truck and fleet customers in more than 50 countries. Over the past few years, DKV Mobility broadened its product and service offerings and enhanced customer focus and satisfaction. In 2023, the company generated a transaction volume of €17 billion and revenue of €714 million. This was achieved by focusing not only on core business growth but also by exploring new business areas with targeted innovations and digital solutions. This included further international expansion through strategic acquisitions.
The DKV Mobility investment is a showcase of how private equity, even from a minority position, can serve as a change agent while preserving the values and unique culture of a family-owned business.
Stefan Moosmann Senior Managing Director at CVC
Stefan Moosmann, Senior Managing Director at CVC, comments: “Since our entry in 2019, we have worked closely with the management and the Fischer family to transform DKV Mobility into an even stronger business and strengthen its market leading position. Today, DKV Mobility is a fast growing, scaled and digitally sophisticated organisation. The DKV Mobility investment is a showcase of how private equity, even from a minority position, can serve as a change agent while preserving the values and unique culture of a family-owned business.”
Both partners have agreed to maintain confidentiality regarding the details of the transaction. UniCredit supported the Fischer family as sole underwriter of the acquisition financing and as M&A adviser.
For three generations, the Fischer family has stood for the long-term success and special social responsibility of the company for its employees and customers. “Our purpose remains unchanged: To drive the transition towards an efficient and sustainable future of mobility,” said Jan Fischer, Chairman of the Administrative Board.
With the departure of CVC, its representatives are leaving the Administrative Board of DKV Mobility. Jan Fischer, Chairman of the Administrative Board: “I thank Mr. Dr. Alexander Dibelius, Mr. Dr. Daniel Pindur, and Mr. Stefan Moosmann for the successful collaboration over the past years.” New to the Administrative Board as independent members with immediate effect are Petra Ehmann and Frauke Heistermann. Petra Ehmann is an internationally experienced expert in innovation and technology. Among other roles, she is Group Chief Innovation and AI Officer at Ringier and a member of the Board of Directors at Bossard. Frauke Heistermann has many years of experience as an entrepreneur, Supervisory Board member and investor in the fields of IT, digitalisation and corporate management. She is currently Managing Partner of AXIT.capital GmbH and a member of the Supervisory/Advisory Boards of, amongst others, MDAX company BEFESA and Vahle.
For more information, visit: www.dkv-mobility.com.