AddSecure acquires Connecting Solutions BV as part of its growth strategy within its new business unit, Smart Mobility
The deal strengthens position and market share in Belgium, aligning with AddSecure’s continuous growth strategy.
In September 2023, AddSecure acquired Clifford Group and established a new business unit, Smart Mobility, with the objective of expanding the business unit both through organic growth and acquisitions. Just months after the deal closed, the new owners are already backing Clifford Group, Part of AddSecure, in its long-term growth strategy with the acquisition of Connecting Solutions BV.
The Smart Mobility business unit offers telematics and business software solutions, specializing in mobile security and connected mobility solutions. It operates under the brands Clifford and Faringwell for Mobile Security, and Traxgo for Connected Mobility.
The acquisition complements AddSecure’s current connected mobility business and will be integrated into the Traxgo brand. Situated in Belgium, Connecting Solutions provide fleet management solutions with information on vehicle’s location (track and trace), monitoring and software applications.
“This deal not only strengthens our position and expands Traxgo's market share in Belgium and the Netherlands, but also brings a robust customer base and opens up an additional sales channel through distributors,” said Huibjan Braafhart, President of Smart Mobility at AddSecure.
“We are delighted to support the continued development of Smart Mobility. This acquisition underscores our dedication and is a key component of our ongoing growth strategy," said Stefan Albertsson, CEO of AddSecure.
For more information, please contact:
Huibjan Braafhart, President Smart Mobility, AddSecure
Mobile: +31 654308434, huibjan.braafhart@addsecure.com
Kristina Grandin, Director Corporate Communications, AddSecure Group
Mobile: +46 70 689 52 08, kristina.grandin@addsecure.com
About Connecting Solutions
Connecting Solutions and its subsidiary Business Track Netherlands (or ‘BTN’) provide trip administration services for tax as well as fleet management solutions with information on vehicle’s location (track and trace), monitoring and software applications. Connecting Solutions BV was established in December 2007 and is situated in Belgium.
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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