HQ Equita acquires r2p and Open Access
we are happy to inform you that HQ Equita acquires r2p and Open Access!
HQ Equita GmbH has signed an agreement with the Swedish investor Alder Fund I AB to acquire a majority stake in r2p GmbH, based in Flensburg. Simultaneously, HQ Equita will acquire Open Access Pty Ltd based in Sydney, to become a subsidiary of r2p, thereby extending the group’s global reach to Australia, Southeast Asia, and North America. Founded in 2009 with headquarters in Flensburg, r2p is a rapidly growing technology group in the intelligent transport market, which develops both proprietary hard- and software, offering products and components for use in moving vehicles, stations and control centres. The fully integrated portfolio of hard- and software products for passenger and fleet flow management r2p offers includes CCTV, Passenger Information Systems (PIS), Passenger Announcement (PA), passenger counting, infotainment and fleet management with real-time data transfer and analysis for rail and road vehicles.
Since then, r2p has made several add-on acquisitions in Denmark and the UK and has founded subsidiaries in Brazil and Switzerland, resulting in a competitive international presence. The current setup is enhanced by a close co-operation with Open Access, an Australian provider of technology and solutions for integrated passenger information and audio communication systems, active throughout Australia, Southeast Asia and through partners in North America. Upon closing of the transaction, HQ Equita will combine and integrate r2p and Open Access into one group to realise the untapped cross-selling potential arising from the two companies’ complementary product portfolios, applications and geographies. The combined group also seeks to become an active industry consolidator – aiming to acquire complementary technology and product solutions and to further increase its global delivery and service capabilities.
The management teams of both r2p and Open Access remain significant shareholders and are committed to growing the company further through active management and development of the group.
Ulrik Rasmussen, CEO of r2p, says: “With HQ Equita as our new owner, we will be able to consolidate the existing group, and build the required structures to accommodate further growth. The entire r2p management team is highly committed to further developing the group into a leading provider of intelligent transport solutions.”
Brendan Dooley, CEO of Open Access explains: “Open Access and r2p align well with respect to geographical coverage, technology and management experience. The merged group is well positioned to deliver compelling integrated solutions to the market. We look forward to working closely with HQ Equita.”
Hans J. Moock, Managing Director of HQ Equita, emphasizes: “[…] r2p’s integrated solutions portfolio and its cutting-edge technology combined with an extraordinary management team makes this acquisition an ideal platform for future inorganic growth.”
About Open Access
Headquartered in Sydney, Australia, Open Access primarily provides solutions for integrated passenger information and audio communication systems in the public transportation space. The group has a subsidiary in Kuala Lumpur, Malaysia, and employs c. 53 people. It is primarily active in Australia, Southeast Asia and through partners in North America.
Alder is a Swedish growth investor within the sustainable industry sectors focused on investments in proven and established companies with strong growth potential. Alder currently manages investment funds with committed capital of approximately EUR 200 million.
About HQ Equita
HQ Equita is the direct investment company of HQ Capital. It continues the tradition of the Harald Quandt family to take entrepreneurial interests in medium-sized companies in the DACH region (Germany, Austria and Switzerland). HQ Equita is one of the most experienced equity capital providers in the German-speaking market. Since its foundation in 1992, the company has raised capital commitments totaling more than one billion euros and has invested in more than 30 companies. The group of investors behind HQ Equita includes institutional investors, family offices, foundations and entrepreneurial families – such as the Harald Quandt family.
Here you can learn more about our company, our history and our motivation and here you can find more information about our products for trains (») and buses (»).
Below is a brief overview of our product portfolio.
In public transport the safety of your passengers and drivers is a matter of the utmost importance. Video surveillance or close-circuit television (CCTV) is the prevalent tool to ensure over-all safety and prevent and investigate near misses and actual accidents. Mobile CCTV can also be a crucial factor to help in emergency situations.
Passenger information systems
Keep your passengers informed - Easily accessible
The new React System is a piece of assistive technology that when triggered prompts data displays for transport to give out audible announcements via an app for smartphones. The Bluetooth trigger boards sound to give out on the spot times travel information and offers detailed information so that anyone with accessibility needs can stay independent on their journeys.
Tracking & Fleet Management
Regardless of the size of your fleet, it is necessary to always keep track of your vehicles. With WebTrack we offer you an inclusive tracking solution that is comprehensive and easy to access. WebTrack reports your vehicles’ location, time and fuel consumption to assist you controlling your resources and enhancing productivity. Our solution starts with your daily planning and is designed to improve your company’s overall performance.