Sofico enters partnership with Ergon Capital
Sofico, a software provider for global automotive finance, leasing fleet and mobility management, has revealed a new five-year strategy. It has also unveiled a new partnership with Ergon Capital Partners IV SCSP.
The key elements of Sofico’s five-year plan involve geographic expansion, increase of delivery capacity, broadening the product portfolio and innovating the technology stack.
Gémar Hompes, Sofico Managing Director, commented: “Building on a successful few years, with record figures in 2019, we have now laid out a strategy for sustained long-term success.
Over the years, Sofico has grown as a privately owned company, making it possible to focus on long-term objectives.
Mr Hompes commented: “As we greatly value this identity, we have been looking for a financially solid and stable partner that is willing to take a minority position, supports our long-term vision for the company, believes in sustainable value creation and shares our DNA and entrepreneurial spirit. In Ergon Capital we have found a partner that ticks all these boxes, for all our stakeholders.”
Ergon Capital is an independent, mid-market value investor with a track record of fostering innovative niche companies.
Sofico aims to continue investing in hybrid solutions like the Miles suite, capable of bridging contracted vehicle usage with driver-centric, value-added mobility and connected car services. This should provide an end-to-end online customer journey and meet the requirements of automotive OEMs as well as mobility and financial services providers.
Image: Gémar Hompes , Sofico Managing Director (copyright: Sofico)