Sofico has entered into a partnership with investment firm Ergon Capital, to assist with its five-year growth plan – Vision 2025.
Founded on ongoing investments in people and innovation, the key elements of this plan involve geographic expansion, increase of delivery capacity, broadening the product portfolio and innovating the technology stack.
Gémar Hompes, Sofico managing director, said: “Building on a successful few years, with record figures in 2019, we have now laid out a strategy for sustained long-term success.
“Sofico has grown from the grassroots as a privately-owned company, allowing us to focus autonomously on long-term objectives.
“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.
“We want to keep investing in hybrid solutions, like Sofico’s Miles suite, that are capable of bridging contracted vehicle usage with driver centric, value-added mobility and connected car services, providing an end-to-end online customer journey and meeting the requirements of automotive OEMs as well as mobility and financial services providers.”
The five year strategy aims to build a bigger, better, stronger and smarter company with the purpose of better serving fleet, finance and leasing customers who require sophisticated, future-ready systems to respond to the changes in the automotive finance and mobility space.