Advising on the sale of DreamTec Systems to FleetGO

We have advised on the sale of Ireland-based DreamTec Systems, a leading logistics and fleet management technology solutions provider, to FleetGO Group. 

The transaction represents a significant milestone for DreamTec and supports FleetGO’s strategic growth ambitions, further strengthening its position in the European software market. FleetGO, a European provider of logistics and telematics solutions, is backed by Main Capital Partners, which specialises in investing in and scaling enterprise software businesses across Europe.

Founded in 2009 and headquartered in Dublin, DreamTec is recognised for its advanced fleet management technology products, including fuel and food-market specific applications, real-time dashboards and flow meter tracking tools used by fuel and food distributors and transport operators to enhance operational efficiency, safety and regulatory compliance. 

The transaction combines DreamTec’s deep expertise and strong customer base with FleetGO’s comprehensive suite of transport, fleet and warehouse management software, creating a strong end-to-end platform for customers across Europe. 

Paul Foley, CEO at DreamTec said: "Joining forces with FleetGO Group represents a clear win-win. It expands DreamTec’s reach across Europe and allows our customers to benefit from a wider suite of connected technologies. Combining our strengths will help us deliver more comprehensive, data-driven solutions that support the needs of our fuel and food distributors.”

"The Taylor Wessing team provided excellent support throughout the process and demonstrated deep sector expertise, commercial insight and a highly responsive approach. Their guidance was instrumental in successfully delivering this transaction.”

Adam Griffiths, Partner and Head of our Dublin office, said: “It's been great to work with DreamTec and guide the team into this new chapter. This transaction highlights the continued strength of the European technology and software market and reflects our strong track record advising founders and management teams on strategic M&A transactions involving private equity. We wish DreamTec and FleetGO every success as they move forward together.”

Our Ireland team was led by Adam Griffiths (Partner) and included Paddy Quinlan (Partner) and Jack Ryan (Associate) in the M&A team.

The wider team included:

• Tax: Trish McCarvill (Partner)
• IP, Regulatory and Digital: Jo Joyce (Partner) Colin Russell (Senior Associate), Karl Cullinane (Associate)
• Employment: Lynda Nyhan (Partner)
• Real Estate: Eoin O'Flaherty (Associate) 

The team was supported by Zabdaj Pollen (Partner) and Alex Korolev (Advocaat) in the Benelux M&A team in respect of Dutch law aspects.