Santiago, January 21, 2019. SONDA, the leading Latin American IT services and solutions provider, acquires M2M Solutions S.A. (“M2M”), one of the main providers of technological solutions in transport and urban mobility in Brazil.
M2M has a wide portfolio of technological services and solutions in transport and urban mobility, which includes fleet management solutions based on cloud (software as a service), trip planning and management, passenger access control, telemetry, analytics & business intelligence and diverse applications for operators, users and authorities.
M2M is a Brazilian company with a national presence and a diversified customer base. It stands out its proven experience in the development of important integrated and intelligent transport projects in Brazil and abroad (Mexico, Portugal and Guatemala)
Among the main projects that M2M has developed are the implementation of fleet management solutions for the BRT (Bus Rapid Transit) of Rio de Janeiro, Belem and Fortaleza. The latter was the first Brazilian municipality to have 100% of its bus fleet monitored.
This acquisition is part of the strategic plan that SONDA has defined for the 2019-2021, in which four key industries will be strengthened at a regional level: Transport, Retail, Financial Services and Government.
Regarding the strategic plan, Raul Vejar, SONDA’s CEO, explained the company’s emphasis on improving and transforming its customers’ business: “We have a relevant track-record of successful transport solutions that have helped to transform the way in which Latin Americans move daily, improving their quality of life. We are confident that M2M solutions will help us to strengthen what we have built over the years”.
SONDA is a regional player and reference in transport solutions. This positioning has been achieved as a resultant of the development of several projects of great complexity and impact throughout Latin America. “Being acquired by a multinational company such as SONDA unlocks many opportunities for M2M and its solutions. We will have access to new markets, increasing the potential of growth of our solutions. We have accessed to a relevant structure needed for a new phase in urban mobility technology services in order to develop large-scale projects in Brazil and Latin America”, said Alexandre Fleck, who will remain as president of M2M.
M2M’ solutions will also be scaled to other countries in Latin America where SONDA operates. “Their solutions and knowledge will complement our offering of solutions, expanding its reach in the Brazilian market as well as in Latin America. This acquisition is a great opportunity to accelerate the growth of our transport and urban mobility solutions in the country”, explained Affonso Nina, Country Manager of SONDA in Brazil
This new investment allows us to continue improving and transforming our customers’ business.
SONDA is the leading Latin American IT services and solutions provider in the region, with revenues of US$1,369 million in 2017 and approximately 17,000 employees. SONDA has presence in Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, Mexico, Panama, Peru and Uruguay.
In Brazil, SONDA has offices in 26 states, over 8,000 employees and more than 700 customers. It counts with 6 Services Centers, 2 Innovation Centers and 3 data center. In 2017, SONDA totaled US$441 million in revenues in the Brazilian market.