M&A Deal Summary

AddSecure Acquires Vehco AB

On May 23, 2018, AddSecure acquired software company Vehco AB

Acquisition Highlights
  • This is AddSecure’s 1st transaction in the Software sector.
  • This is AddSecure’s 1st transaction in Sweden.

M&A Deal Summary

Date 2018-05-23
Target Vehco AB
Sector Software
Buyer(s) AddSecure
Deal Type Add-on Acquisition

Target

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.

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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 2 of 4
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 4
Country: Sweden M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-02 Chiron Security Communications

Reading, United Kingdom

Chiron Security Communications Ltd. designs and develops communications systems. Chiron offers internet protocol based alarm monitoring products for secure alarm and Internet of things (IoT) solutions. Chiron Security Communications serves the security industry worldwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-21 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.

Buy -