AddSecure acquires Connexas to expand its Smart Transport footprint into the UK
With the strategic acquisition of Connexas Group in the UK, AddSecure expands its position as a leading Fleet and Transport Management solutions provider in Europe.
AddSecure, a leading European provider of premium solutions for secure data and critical communications, today announced the acquisition of Connexas, a leading provider of fleet management solutions throughout the UK, EU, North America and Australia. With Connexas, AddSecure establishes a presence for transport and logistics, in the strategically important UK market, and further realizes its strategy of becoming a leading provider of Fleet and Transport Management solutions across Europe.
Through the acquisition, AddSecure will see annual revenues increase by €25M, to a total of €145M. The deal will also add 100 000 billable connections, taking AddSecure to a total of more than 2 million connected units in Europe across all verticals.
“This move not only increases our technology and connection base, it also offers significant growth potential, builds on our European footprint and will add further to the financial strength and performance of our company,” said Stefan Albertsson, CEO of AddSecure.
“Connexas is a recognized leader in connected vehicle technology, and the UK an important market for our growth. The acquisition of Connexas will address this geographical gap while bringing leading solutions and a strong team. I am very impressed by their technology platform and innovative range of products and see that great synergy effects will be achieved through our complementary offerings”, said Johan Frilund, Managing Director Smart Transport.
“We are delighted to be joining forces with AddSecure, as it will enable us to further accelerate our growth plans. Both businesses are a perfect fit for each other, and more importantly, for our customers who are looking for the best of available technologies along with a one-stop fleet and transport management platform to plan, track and improve the efficiency of their delivery operations,” said Jim Sumner, Executive Chairman of Connexas.
With its industry-leading technology solutions spanning full journey and delivery management, high definition camera systems and driving performance applications, Connexas empowers fleets to become smarter, safer and more efficient. This vision aligns fully with AddSecure’s mission to help its customers contribute to a safer and smarter world.
Smart Transport, one of AddSecure’s five business units, is based on the solutions, services and people of the previous acquisition, Vehco, recently rebranded AddSecure. Other business units are Smart Alarms, Smart Care, Smart Grids and Smart Rescue. The Smart Transport solutions enable transport and logistic customers to manage their transport activities efficiently with seamless interaction and real-time information flows between drivers, vehicles and office teams.
While Connexas will be part of AddSecure, it will also continue to be managed as a separate company. Connexas’ CEO, Andrew Overton, will join the Smart Transport Management Team and report directly to the Managing Director of AddSecure Smart Transport, Johan Frilund.
For more information, please contact:
Kristina Grandin, Corporate Marketing Manager, AddSecure
Mobile: +46 70 689 52 08, kristina.grandin@addsecure.com
Silvia Coletto, Marketing Executive, Connexas
Mobile: +44 (0) 1604 264835, Silvia.coletto@connexas.com
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