AddSecure, a leading European provider of premium solutions for secure data and critical communications, today announced the acquisition of Connexas, a leading provider of SMART Transport solutions throughout the UK, EU, North America and Australia. With Connexas, the AddSecure Group 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.
Through the acquisition, AddSecure will see annual revenues increase by €25M, to over €145M. The deal will also add over 100,000 billable connections, taking AddSecure to a total of more than 2 million connected units in Europe across all verticals.
Stefan Albertsson, CEO of AddSecure commented:
“This move not only increases our technology and connection base, but it also offers significant growth potential, builds on our European footprint and will add further to the financial strength and performance of our company.”
Andrew Overton CEO of Connexas said:
“We were immediately impressed with the AddSecure management team on first meeting them, and knew from the outset they were the right partner in terms of culture, vision and technological synergy. I am quite sure the new combined business will go from strength to strength and will also create a significant opportunity for the customers who benefit from the smart, safe logistics solutions we provide.”
Jim Sumner, Chairman of Connexas said:
“We are delighted to be joining forces with AddSecure, as it will enable us to further accelerate our growth plans. The last 3 years have been an incredible journey and our recent results with Revenues and EBITDA up 22% & 29% respectively, testament to that. Finally, I would like to thank the whole Connexas team for their commitment and support.”
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.
For more information, please contact:
Silvia Coletto, Marketing Executive, Connexas
Mobile: +44 (0) 1604 264835, [email protected]
Kristina Grandin, Corporate Marketing Manager, AddSecure
Mobile: +46 70 689 52 08, [email protected]
Connexas is a group of leading technology companies providing connected vehicle and mobile worker technology solutions to commercial vehicle fleets of any size in the UK, EU, Australia and North America. With our industry-leading technology solutions spanning full journey and delivery management, high definition camera systems and driving performance applications, we empower fleets to become smarter, safer and more efficient. To find out more, visit www.connexas.com
AddSecure is a leading European provider of premium solutions for secure data and critical communications. The company serves over 50 000 business customers and partners around Europe with secure communications and solutions that help customers safeguard their life- and business-critical applications. This helps save lives, protect property and vital societal functions, and drive business.
The company, founded in the early 1970s, today employs more than 550 staff in 13 countries. AddSecure is headquartered in Sweden and has regional offices as well as a network of distributors around Europe. To find out more, visit www.addsecure.com