Enabling Growth through Technology Due Diligence
In the fast-moving world of sustainable mobility, technology is a key enabler of growth and efficiency. For EcoMobility Group, a leader in sustainable fleet management, successful scaling depends on every acquisition being a strong technological fit. Function of Tech has played a crucial role in this journey, providing expert Technology Due Diligence (Tech DD) services to support EcoMobility’s expansion strategy via its TechCheck™ offering.
Alder and EcoMobility Group: Driving Innovation for a Greener Future
EcoMobility Group was formed in 2022 when Alder acquired and merged two telematics companies based in Denmark and Luxembourg. With a vision to become a leading force in sustainable mobility, EcoMobility has embarked on an ambitious growth strategy, expanding its presence across Europe.
As part of its commitment to green innovation, EcoMobility invests in cutting-edge solutions to help businesses reduce emissions and optimize fleet efficiency. For example, the CO₂ Report enables companies to track and lower their carbon footprint in real-time, supporting cost savings, regulatory compliance, and a greener future.
Alder is a Nordic private equity fund specializing in sustainable technology companies, having raised over 5 bn SEK across three funds since 2008. As active owners, Alder provides not only capital but also strategic expertise, leveraging a strong network of industrialists and experts to strengthen boards and drive long-term growth.
The Role of Function of Tech: Supporting M&A with Tech Expertise
Function of Tech has been a technology advisor to EcoMobility Group since 2022, providing Tech DD services. The journey together began when Alder first invested in and merged the two telematics companies, which required a comprehensive technology assessment to ensure scalability and
risk mitigation.
As EcoMobility continued to expand, Function of Tech continued to support, conducting Tech DD on potential acquisitions. The assessments helped EcoMobility identify and address potential technology risks and integration challenges within each acquisition, enabling smoother transitions and ensuring long-term scalability.
Through the collaboration, EcoMobility has been able to confidently expand its operations, ensuring that every new addition to the group aligns with its technological vision.
Testimonials from
EcoMobility Group
David Norton | Group CEO/CFO, EcoMobility
"Function of Tech ensures we fully understand the technology-related opportunities and risks in every acquisition. Their straightforward analysis and expert guidance help us make the right calls.”
Keiward Pham | Investment Director, Alder Private Equity & Board Member, EcoMobility
"Function of Tech has been a key partner since our first acquisition, providing deep expertise beyond risk assessment. Their insights have helped shape our integration strategy and influence deal valuation. Their ability to deliver clear, actionable recommendations has made them a trusted advisor in our growth journey."
Bernd Junk | Group CTO, EcoMobility
"As a tech company at the core, we have a deep understanding of tech platforms, but Function of Tech adds crucial external validation. Their ability to quickly gain insights into target platforms and engage effectively with management teams strengthens our own assessments, helping us scale with confidence.”
Petter Quinsgaard | Chairman of the Board, EcoMobility
"As EcoMobility expands, ensuring that our technology remains scalable and efficient is a top priority. With Function of Tech supporting the tech due diligence, I can sleep well at night knowing that every acquisition is built on a strong and stable foundation.”