M&A Deal Summary

AddSecure Acquires Connexas Group

On May 21, 2020, AddSecure acquired information technology company Connexas Group from Horizon Capital UK

Acquisition Highlights
  • This is AddSecure’s 1st transaction in the Information Technology sector.
  • This is AddSecure’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2020-05-21
Target Connexas Group
Sector Information Technology
Buyer(s) AddSecure
Sellers(s) Horizon Capital UK
Deal Type Add-on Acquisition

Target

Connexas Group

Northampton, United Kingdom
Connexas Group provides connected vehicle technology and fleet management solutions throughout the UK, EU, North America, and Australia. With end-to-end 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. Connexas was formed in 2017 and is based in Northampton, United Kingdom.

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Buyer(S) 1

Buyer

AddSecure

Stockholm, Sweden

Category Company
Founded 1979
Sector Information Technology
Employees330
DESCRIPTION

AddSecure is a provider of IoT solutions with a focus on secure critical communications and data. AddSecure offers solutions within Smart Alarms, Smart Rescue, Smart Grids and Smart Transport. AddSecure was founded in 1979 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 3 of 4
Sector: Information Technology M&A 1 of 2
Type: Add-on Acquisition M&A Deals 3 of 4
Country: United Kingdom M&A 2 of 3
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-23 Vehco AB

Gothenburg, Sweden

Vehco AB is a provider of fleet management systems. The core business is to provide fleet management solutions to companies with commercial vehicles. Vehco AB was founded in 2001 and is based in Gothenburg, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 RTL Telematics

Glossop, United Kingdom

RTL Telematics is a custom telematics specialist for the commercial vehicle marketplace providing sophisticated management tools that capture and analyse vehicle and driver data to optimise fleet safety and efficiency. RTL Telematics is based in Glossop, United Kingdom.

Buy -

Seller(S) 1

SELLER

Horizon Capital UK

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 800M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Horizon Capital UK is a private equity firm that targets investments in middle-market companies valued up to £100 million. The Firm has a preference for UK-headquartered businesses and will consider opportunities in the technology services, software, data/analytics, and business services sectors. Prospective transaction situations include buyouts with potential for consolidation. Horizon Capital UK was formed in 1999 and is based in London, United Kingdom.


DEAL STATS #
Overall 19 of 30
Sector: Information Technology M&A 3 of 9
Type: Add-on Acquisition M&A Deals 8 of 13
Country: United Kingdom M&A 17 of 27
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-05 Sapphire Systems

London, United Kingdom

Sapphire Systems is a provider of enterprise resource planning (ERP) and financial management solutions (FMS). Sapphire Systems was founded in 1993 and is based in London, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-26 TotalMobile

Belfast, United Kingdom

TotalMobile is a provider of mobile working solutions to the government, private sector, and healthcare customers in the United States and Europe. From engineers, nurses, and social workers to surveyors, inspectors, and construction workers, and more organizations use its technology to keep their teams out of the office and in the field delivering outstanding service. TotalMobile was founded in 1985 and is based in Belfast, United Kingdom.

Sell -