Bregal Untemehmerkapital, the Italian-German investor, has chosen Safety21 for its first investment in Italy, acquiring the majority stake, with the aim of rapid growth.
The transaction was done in partnership with Safety21’s founder Gianluca Longo and his management team, and aims to strengthen the company’s leadership position in Italy while supporting its international expansion plans.
Substantial growth is projected as part of the plan, which will be achieved in part through inorganic growth, with a view to expand Safety21’s range of innovative services and position the company competitively in the Smart City space.
Safety21 offers fully automated and technology-enabled services to more than 300 public entities, providing them with end-to-end traffic monitoring software solutions based on the proprietary IoT cloud platform TITAN.
“We are proud that a large European private equity player has chosen Safety21 for its first investment in Italy. In these 10 years of work since inception, Safety21’s technology and business model have enjoyed a remarkable evolution and success in the market, and now thanks to BU we have a chance to expand abroad, replicating the Italian model. Today, road safety combined with the pressing need for Smart Mobility and the reduction of emissions is a fundamental development pillar for any community” commented Gianluca Longo, CEO and founder of Safety21.