DEEN
Establish and expand a partner network to strengthen the market access
€23.2mn
Equity investment
€9mn
Revenue 2017
70
Employees 2017

KEY FACTS AT A GLANCE

  • Software for real-time schedule and route planning in service and logistics
  • Opportunities provided by market growth and strategic further development

FLS GMBH

Investment by
DBAG ECF SECOND NEW
VINTAGE

€23.2MN

DBAG'S INTEREST

€9.5MN

MANAGEMENT BUYOUT
Shareholders:
DBAG ECF SECOND NEW
VINTAGE

72.5%

EQUITY SHARE BELONGING TO DBAG

29.7%

other shareholders

27.5%

First invested

OCTOBER 2018

REVENUES in €mn

 

7

 

2015

 

7

 

2016

 

9

 

2017

As of 30 September 2018

>15

PERCENT

Double-digit organic growth since the company was founded

FLS uses a cloud-based saas solution and is a leader in its market niche – we are investing in a software provider with significant growth potential, and in a market that is less cyclical.

RAGNAR GEERDTS
Managing Director

PROFILE

FLS and sells software that enables energy suppliers, industrial companies, financial service providers, retail and real estate companies to plan and optimise their schedule and route planning as well as their deployment of field service employees and delivery vehicles. Its products are based on a heuristic algorithm that works using real-time data, making it possible to find solutions to planning tasks while taking account of a large number of influential factors. This particularly meets the needs of companies that want to efficiently deploy a large number of employees at the same time in a rapidly changing environment. The company operates against a background of growing expectations in ordering and delivery processes and dynamic traffic conditions that are almost impossible to predict. The market for optimisation software in this kind of environment is expanding at rates that are well into double digits, substantially driven also by the growth in e-commerce. FLS stands out due to the services it offers, which are customised to the needs of the customer groups mentioned. Clients rely on FLS products, enabling them to benefit from the competitive advantages of maximum resource utilisation, cost savings and far superior service quality.

FLS was established 25 years ago; the headquarter is located in Heikendorf near Kiel (Schleswig-Holstein), another office is located in Cologne. With sales offices in the UK and the Netherlands, the company is driving forward its international expansion

POTENTIAL FOR DEVELOPMENT

DBAG will enable FLS to drive ist growth, take advantage of expertise, and strategically develop FLS further. The company wants to first establish and expand a partner network in Germany and then do the same in other countries in order to strengthen ist market access and offer ist solutions to an even broader customer base.

 

 

 

 

 

Responsible team member

Ragnar Geerdts
Ragnar Geerdts

Managing Director

Ragnar Geerdts
Name:
Ragnar Geerdts
Telephone:
+49 69 95787-172
E-Mail:

Ragnar Geerdts

Managing Director

Ragnar Geerdts joined Deutsche Beteiligungs AG in 2012 and became a Managing Director in 2017.

He has over ten years of experience in private equity and mergers and acquisitions. Ragnar Geerdts has extensive knowledge of the automotive supplier and telecommunications industries and in mechanical and plant engineering. He was involved in numerous investments and disinvestments, including DNS:NET, Frimo, Formel D, inexio, mageba, Oechsler and Unser Heimatbäcker. Ragnar Geerdts also led the investment process in vitronet, netzkontor nord, von Poll Immobilien, BTV Multimedia and FLS and sits on the advisory councils of these companies. Before joining Deutsche Beteiligungs AG he worked in the area of M&A at Bayer AG and at Deutsche Post AG.

Ragnar Geerdts studied business administration at the University of Berlin and Chinese at the Beijing Foreign Studies University.

Ragnar Geerdts

Managing Director

+49 69 95787-172
ragnar.geerdts(at)dbag.de