AddSecure acquires Astrata's European telematics division, strengthening its position in the transport and logistics industry
With this strategic move AddSecure not only expands its market share but also taps into new markets.
AddSecure, a leading European provider of secure IoT connectivity and end-to-end solutions, today announced its acquisition of Astrata Europe B.V., the European telematics division of Astrata. This strategic move allows AddSecure to expand its market share and solidify its position as a key provider of IoT solutions to the transport and logistics industry across Europe.
Headquartered in Eindhoven, Netherlands, Astrata Europe B.V. offers a comprehensive range of connected fleet solutions throughout Europe, including asset tracking, supply chain, and drivers' and cargo solutions.
This acquisition not only expands AddSecure’s market presence but also taps into new markets like Italy and Hungary for its business unit, Smart Transport. This aligns perfectly with AddSecure's strategy of consolidating the market and becoming the leading provider of fleet management, transport management, and video telematics solutions in Europe.
Furthermore, the acquisition brings added expertise in telematics and boosts sales capabilities. Astrata Europe's established customer base, which includes several prominent European customers, will further reinforce AddSecure's foothold in the industry.
Stefan Albertsson, CEO of AddSecure, stated: "This acquisition marks a significant milestone for AddSecure as it strengthens our position as a leading provider of IoT solutions to the transport and logistics industry across Europe. With the integration of Astrata's European telematics division, AddSecure is well-positioned to provide innovative and comprehensive solutions to its customers, further solidifying our leading role in the market.”
Claes Ödman, President of Smart Transport at AddSecure, added: "We are excited to welcome Astrata Europe into the AddSecure family. The synergies between our technologies and teams will enhance our capability to deliver even more comprehensive and innovative solutions. Existing customers of both entities will benefit from a broader product portfolio and our combined expertise, promising enhanced operational excellence."
For Astrata Europe, this move offers a chance to join a major expansive IoT European company, positioning it to deliver its next-generation transport management solutions even more comprehensively and effectively throughout the region.
The agreement was closed on June 5, 2024.
For more information, please contact:
Claes Ödman, President Smart Transport, AddSecure
Mobile: +46 70 852 85 12, claes.odman@addsecure.com
Kristina Grandin, Director Corporate Communications, AddSecure Group
Mobile: +46 70 689 52 08, kristina.grandin@addsecure.com
About AddSecure
AddSecure is a leading European provider of secure IoT connectivity and end-to-end solutions. We help customers optimize their operations, drive business value, and secure vital functions. By combining connected, data-driven, and sensor-based solutions with best-in-class expertise, we meet our customers’ needs regardless of industry. We provide both managed services and connect any device in need of secure communications and data transfer. Imagination is the only limit.
Our secure IoT solutions are used within the areas of buildings, alarms, transportation and logistics, personal safety and security, health care, construction, municipalities, schools, rescue services, power grids, and more.
AddSecure’s headquarters is in Stockholm, Sweden. Our main market is Europe, yet we serve customers worldwide. With over 1,000 employees, we help make the world safer, smarter, and more sustainable.
AddSecure is majority-owned by Funds, managed by Castik Capital, a European private equity fund with a long-term approach to value creation.
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