Merger follows regulatory approvals and the completion of the acquisition of Totalmobile by Five Arrows and funds advised by Deutsche Beteiligungs AG
LONDON, UK / HEIKENDORF, Germany – 24 February 2026 –
Totalmobile and Solvares Group have today announced they are to merge, creating one of the most comprehensive international providers of field service and workforce optimisation technology.
This follows the investment in Solvares in December 2024 by Five Arrows and funds advised by Deutsche Beteiligungs AG, and the completion of the subsequent acquisition of Totalmobile, following regulatory approval.
The merger brings together Solvares and Totalmobile’s market-leading field service management solutions. Totalmobile’s ‘Field First’ platform for field service execution, alongside innovative workforce scheduling, planning and optimisation expertise from Solvares, will create one of the most comprehensive international platforms for field service and workforce optimisation.
The combined business will now employ more than 800 people and support over 4,000 customers across Europe, the UK and Australasia. Customers span sectors including emergency services, health and social care, housing, facility management, telecommunications, infrastructure, engineering, IT, and logistics, supporting organisations that rely on field workforces to deliver essential services.
For the wider market, the combination reflects growing demand for software that can manage complex service delivery and resource requirements, while remaining practical for frontline teams. The merged group creates a differentiated AI-enhanced platform with the scale to support continued innovation in global field service management software.
Phil Race, Chief Executive Officer of Totalmobile, said:
“This is a defining moment for Totalmobile and an important step in building a business with global scale, experience and depth in field service management software. Field operations are becoming more complex, service expectations continue to rise, and organisations need technology that connects planning through to execution in a practical way.
At the heart of Totalmobile is a customer-centric culture that is deeply focused on the service we provide. In Solvares, I see a team with a similar mindset. Bringing our businesses together strengthens what we can offer customers and creates a business built for the long term.”
– Phil Race, Chief Executive Officer of Totalmobile
Ivan Bagaric, Chief Executive Officer of Solvares Group, added:
“The combination of Solvares and Totalmobile marks a transformative moment for both businesses and the international field service software landscape. Over decades Solvares has built world leading algorithms and products to optimise and plan resources. Together with Totalmobile we have a shared culture to drive innovation, product quality and customer success. This combination deepens our domain expertise and broadens the capabilities we can offer customers across planning, optimisation and field execution.”
– Ivan Bagaric, Chief Executive Officer of Solvares Group
Existing customers of both businesses will continue to receive the same products and support, with no immediate changes as a result of the merger. The merger is backed by Five Arrows, the alternative assets arm of Rothschild & Co, and funds advised by Deutsche Beteiligungs AG.
For more information on Totalmobile, visit
About Solvares Group
As a European champion Solvares Group is shaping the future of field service management, field sales management and logistics. The group develops leading software solutions for all areas where mobility, planning and operational excellence are crucial. With its applications and services, the Solvares Group helps companies to intelligently control and optimise complex operational processes. Customers work more efficiently, use their resources more sustainably, reduce costs and CO₂ emissions, and lay the foundation for productive, scalable growth.
Headquartered in Heikendorf near Kiel, Solvares Group employs over 380 people at eleven locations in Europe. More than 3,000 customers from industry, trade and the service sector worldwide rely on Solvares solutions.
Discover more at solvares.com/en
About Five Arrows
Five Arrows is the alternative assets arm of Rothschild & Co and has over €31 billion AuM with offices in Paris, London, New York, Los Angeles, San Francisco and Luxembourg. This includes a series of funds dedicated to corporate and secondary private equity, multi-manager funds and co-investments, as well as senior and junior credits.
With more than €11 billion of assets under management1, the corporate private equity business of Five Arrows is focused on investing in companies with sustainable and durable barriers to entry; strong management teams; business models with high visibility of organic unit volume growth and strong unit economics; and multiple operational levers that can be used to unlock latent value. Sectors are limited to data and software, technology–enabled business services, and healthcare.
For more information, please visit: www.rothschildandco.com/en/five-arrows/corporate-private-equity
About Deutsche Beteiligungs AG (DBAG)
DBAG was founded in 1965 and has been listed on the stock exchange since 1985 and is one of the most renowned private equity firms in Germany. As an investor and fund advisor, they traditionally focus on mid-market companies in Germany, Austria and Switzerland (the DACH region), and especially on well-positioned companies offering growth potential.
DBAG’s sector focus is on IT Services & Software, Healthcare, Environment, Energy & Infrastructure, Industry and Industrial Technology, as well as Business Services – businesses whose products and services facilitate automation, robotics and digitalisation. Deutsche Beteiligungs AG has also maintained a presence in Italy since 2020 with its Milan office.
DBAG’s assets under management or advisory amount to approximately €2.6 billion. Within the scope of the strategic partnership with ELF Capital Group, DBAG is expanding its range of flexible financing solutions for mid-market companies to include private debt.
