r2p is a leading international provider of intelligent IP-based system solutions for public transport. From its headquarters in Flensburg, Germany, and seven other locations around the world, its approximately 220 employees offer tailor-made solutions and local support for transport companies worldwide. The soft- and hardware portfolio includes integrated solutions such as CCTV surveillance systems, passenger information and announcement systems (PIS/PA), automatic passenger counting, infotainment applications, and networked fleet and real-time data management for rail and road vehicles.
The acquisition
NEXX Capital Beteiligungen V GmbH & Co. KG geschl. InvKG acquired a majority stake in r2p in 2018. As part of this process, Open Access, based in Sydney, Australia, was also acquired and integrated as a subsidiary of r2p. Since then, several add-on acquisitions have been made to expand the product portfolio and global presence.
Investment Rationale
The market for intelligent systems in public transport is growing significantly worldwide, driven by the increasing need for investment in modern transport infrastructure and digitalisation. At the same time, the market for providers of such systems is highly fragmented and offers extensive opportunities for a buy-and-build strategy. r2p is an attractive platform for this due to its best-in-class products with high technological quality and reliability. In addition, the integration of complementary solutions and targeted cross-selling provide further potential for scaling and value creation.
Implementation of the growth concept
Since its acquisition by NEXX Capital in 2018, r2p has pursued a consistent growth strategy. A central component of this strategy is the continuous expansion of its global presence with a total of eight branches worldwide (including the USA, Canada, Australia and Malaysia) to support customers around the world with local teams. At the same time, r2p is driving forward the targeted expansion of its product portfolio. Technological developments and strategic additions are creating holistic solutions. Another focus is on acquiring new customers: r2p serves transport companies and vehicle manufacturers worldwide. The implementation of this growth strategy is being specifically supported by strategic add-on acquisitions (including in Canada and Australia).tzung dieser Wachstumsstrategie wird gezielt durch strategische Add-on-Akquisitionen (u.a. Kanada und Australien) unterstützt.
