HQ Equita aquires r2p and OpenAccess

Dear r2p-friends,

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.

For further information, please refer to www.oa.com.au

About Alder

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.

For further information, please refer to www.alder.se

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.

For further information, please refer www.hqequita.com 

For press and media enquiries:
Grimur Fjeldsted
Grimur Fjeldsted

Grimur Fjeldsted

Chief Communications Officer
+49 461 500 338-0