TOL Développement, a holding company established by Cervinvest Capital with the aim of building a leading workforce time and activity management (WFM) group in France and Europe, has completed the acquisition of RHIS Solutions, a leading French provider of WFM solutions dedicated to the quick-service restaurant sector and multi-site networks.
Following the investment in Truckonline in June 2025, the platform’s first structuring transaction, this new acquisition marks a key milestone in the implementation of the ambitious consolidation strategy led by Cervinvest Capital, aimed at building a multi-vertical software group specialized in workforce management for field teams and operationally demanding environments.
With the integration of RHIS Solutions into the TOL Développement platform, the group is opening a new strategic vertical in the quick-service restaurant market, characterized by complex challenges around constrained scheduling, labor law compliance, payroll cost management, and multi-activity management.
Like Truckonline, RHIS Solutions is built on a particularly modern, modular, and scalable product, designed to adapt precisely to the operational constraints of its clients, which include Burger King, KFC, Sushi Shop, and Five Guys, among others. This technological and philosophical alignment creates immediate synergies, both in terms of product and R&D, and paves the way for organic developments already under consideration in other relevant sector segments, beyond the platform’s historical markets.
This combination strengthens TOL Développement’s positioning as a platform of WFM experts, bringing together specialized software providers that develop high-value-added business solutions, natively designed to meet demanding regulatory and operational environments, in contrast to generalist approaches.
Following this transaction, the new group built around Truckonline and RHIS Solutions now exceeds €10 million in revenue, with annual growth of around 20% and profitability exceeding 25%.
This acquisition comes less than six months after the platform’s first transaction, illustrating its ability to rapidly execute a targeted, disciplined, and value-creating external growth strategy, and to reach critical scale in the B2B software space. In parallel, a rigorous integration plan is being implemented to maximize operational synergies.
