In the current climate and the uncertainty around COVID 19, the news of Connexas becoming part of the AddSecure Group, is welcome relief and testament to the underlying health and strength of one of the UK’s premier telematics businesses.
It shows Europe is still willing to invest in UK businesses despite the fears around Brexit; businesses with global reach are safe environments in uncertain times and can look to long term growth and profitability as the technology transcends borders.
What does the acquisition mean for customers and suppliers?
We have received several enquiries from customers and suppliers looking to understand what immediate changes the acquisition will bring to the business. From an operational standpoint, everything will remain as it currently is, and there will be no disruptions to our services or changes to our product offering.
In the long term, roadmaps and product development plans between Connexas and AddSecure will align to leverage each other’s portfolios and know-how. There are already several opportunities being evaluated, that hopefully come to fruition in the coming months.
What’s next for the business?
Being part of a much larger company not only provides us with better resources and an opportunity to become more competitive, but it also allows us to supercharge our internal research & development and puts us on the map as a UK innovation hub.
From everything outlined above, it’s clear our goal of creating a single-box solution with the full suite of services transport business need hasn’t changed. Joining a business already providing smart transport solutions across Europe was simply the next logical step necessary to accelerate our growth. Connexas has operations in North America and Australia but not mainland Europe, so the strategic decision to fill this gap was logical. Many of our customers in the UK are European in structure, so now we can offer offices, staff, and resources in their other markets. These discussions with these customers are happening right now.
Not just a telematics business
Our journey started 20 years ago. The business was built from the ground up, and along the way welcomed, Verilocation, Alcolock GB (now Breathalock) and Seven Telematics (now Transcan) to offer the very best in tracking, job scheduling, alcohol interlock devices, cameras, tacho, and temperature monitoring solutions.
Although our humble beginnings are in telematics, being acquired by AddSecure has turned us officially into a smart technology business able to stand its ground and compete at a worldwide level, and we are excited by the opportunities the next few years will bring.