FLEX Capital has acquired Evo IT GmbH, an established custom softwaredeveloper headquartered in Vienna. Founded in 2011, the company has built astrong reputation under its brands Evolit and Evol.X as a trusted IT service providerfor demanding industries such as mobility, energy, critical infrastructure, the publicsector, real estate, and industrial companies. Its customers include renowned public and private sector organizations such as ÖBB, ASFINAG, and TÜV Süd.
End-to-end software solutions for complex industry requirements
With Evolit, Evo IT develops complex custom software covering the entire IT lifecycle – from consulting and development through to operations and maintenance. Key applications include ticketing, asset management, fleet management, and logistics control.
Under the Evol.X brand, Evo IT delivers digital customer experiences through tailored CRM and marketing automation solutions based on leading standard software. In doing so, the company combines technological excellence with practical implementation.
Evo IT employs more than 100 people and operates offices in Vienna, Zurich, and Poprad, Slovakia.
Experienced management team to lead Evo IT into the future
Frankfurt-based investment company VR Equitypartner, majority shareholder since 2019, is selling its majority stake as part of the transaction. The founders are also selling part of their shares while remaining invested as shareholders.
Evo IT will continue to be led by founder and CEO Paul Kleinrath, Managing Director Daniel Freiberger, and the experienced management team, who have built the company into a leading specialist provider over the past years.
“We deliberately chose FLEX Capital because it combines entrepreneurship, innovative strength, a young, dynamic team, and a clear growth path,” says Paul Kleinrath. “Together we want to further advance our AI expertise, open up new markets, and continue to develop Evo IT as a leading digitalization partner in the DACH region, particularly in mobility and energy.”
Growth agenda with FLEX Capital
With the entry of FLEX Capital, Evo IT embarks on a new chapter of entrepreneurial drive. Together with the existing management team, the company will build on its strong positions in Austria and Switzerland and focus on expanding its market presence in Germany. FLEX Capital will also support Evo IT in expanding its technological capabilities – particularly in the field of artificial intelligence – as well as in pursuing strategic M&A growth.
The company is growing profitably, supported by long-standing customer relationships and rising demand for customized software solutions that reliably perform in highly regulated environments with increasing data and automation requirements.
“Evo IT is a prime example of a well-positioned software service company with strong technical expertise and a clear industry focus,” says Peter Waleczek, Managing Partner at FLEX Capital. “We are very pleased to be working with such an experienced management team. Together we will lay the foundations for an independent, scalable company and specifically focus on expanding its market presence in the German-speaking countries, which aligns well with our expertise.”
“We see enormous potential to develop Evo IT into a key player in the software market,” adds Dr. Toni Schmidt, Partner at FLEX Capital. “With our entrepreneurial approach and a strong team of experts at our side, we will take the company to the next level together.”
