Proximus has set up a new smart mobility company that brings together two startups with its own e-ticketing subsidiary.
The Belgian incumbent becomes the majority shareholder in the new company, which is yet to be named.
Mobile-For, the Proximus-owned e-ticketing business that is focused on parking, will join forces with Be-Mobile and Flow.
Be-Mobile collects anonymous data via track and trace systems and mobile apps to supplement “traditional” sources of traffic information, while Flow develops parking technology for cities and municipalities.
Flow is a sister company of Be-Mobile.
Both companies count Volvo, Opel, Renault, Toyota, the Dutch government and the city of Antwerp as customers.
Proximus said the combined company would have had revenues of €15 million last year.
Be-Mobile and Flow CEOs Jan Cools and Philip Taillieu will lead the new company, which will employ about 50 people.
Proximus CEO Dominique Leroy said: “I firmly believe that by joining forces with these Belgian innovative growth companies, we will create a leading player of Smart Mobility solutions in Belgium and abroad.
“By combining our expertise, we will enhance our contribution of sustainable and innovative solutions for cities and governments to help them address their mobility challenges.”
Flow CEO Philip Taillieu said: “By having Proximus on board as a new partner and by combining the unique expertise that exists within Be-Mobile, Flow and Mobile-For, we are convinced that we can respond more effectively to one of the most urgent social challenges of the moment: mobility.”