Eurowag completed the acquisition of Inelo from Innova Capital for €306m.

Eurowag, a provider of payment services, completed the acquisition of Inelo, a provider of work time management systems, from Innova Capital, a private equity firm, for €306m. "This strategically important transaction not only brings additional scale to Eurowag, it also takes us significantly closer to achieving our ambition of delivering a fully integrated, digital end-to-end platform for customers in the commercial road transportation sector. Inelo adds approximately 87k connected trucks to our network and solidifies our position as a leading provider of fleet management solutions to the CRT industry in the CEE region. Importantly, it also adds exciting new products to our platform in working time management solutions, which provide mission critical services to customers and drive excellent customer retention," Martin Vohánka, Eurowag Founder and CEO.