Driversnote TopCo ApS

The Driversnote Group consists of Driversnote TopCo ApS and Driversnote MidCo ApS, both of which function as holding companies. Driversnote ApS is the operating company and develops and operates software solutions for automatic mileage tracking on a subscription basis. The Group also distributes related hardware products through its own platforms and third-party distribution channels.

Description of material changes in activities and finances

The financial year 2025 was characterised by a material ownership transaction completed on 3 October 2025, whereby a new ownership structure was established and control was obtained through a holding structure. As part of the transaction, VIA Equity Fund V K/S acquired 40% of the share capital of Driversnote TopCo ApS. ​​The transaction was financed through a combination of equity contributions and debt financing, including vendor​financing. A purchase price allocation was performed as of the acquisition date. The excess of the purchase consideration over the fair value of the identifiable net assets acquired has been recognised as goodwill in the consolidated financial statements and is amortised over its expected useful economic …

No events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.

12 Assets charged and collateral

Bank loans are secured by way of a deposited mortgage deed registered to the mortgagor on investments in subsidaries of DKK 52,500 nominal. ​ ​The carrying amount of mortgaged investments in subsidaries is DKK 592,978,807. ​ ​The group’s loan agreement with the bank includes a number of covenants based on operational performance. In​the event that the covenants are not complied with, the bank has the right to demand immediate repayment of the loan.