M&A Deal Summary

GlobalConnect Acquires Theft Detective

On June 18, 2024, GlobalConnect acquired safety/security company Theft Detective

Acquisition Highlights
  • This is GlobalConnect’s 1st transaction in the Safety/Security sector.
  • This is GlobalConnect’s 1st transaction in the United States.
  • This is GlobalConnect’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2024-06-18
Target Theft Detective
Sector Safety/Security
Buyer(s) GlobalConnect
Deal Type Add-on Acquisition

Target

Theft Detective

Conover, North Carolina, United States
Theft Detective is an automated video monitoring system specifically designed for unattended retail environments. Theft Detective is based in Conover, North Carolina.

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Buyer(S) 1

Buyer

GlobalConnect

Copenhagen SV, Denmark
Category Company
Sector Communications
DESCRIPTION

GlobalConnect is an alternative fiber-based data communication and data center services provider to enterprises and consumers in Northern Europe. In total, the company operates approximately 84,500 km of fiber and 27,000 sqm of data center space that provides for a full range offering of communication infrastructure services including bandwidth connectivity, colocation, and cloud infrastructure. GlobalConnect is based in Copenhagen SV, Denmark.

DEAL STATS #
Overall 3 of 3
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 IP-Only

Uppsala, Sweden

IP-Only is a provider of high-capacity fiber-based data communication and data center services in Sweden. IP-Only owns and operates a high-capacity fiber network linking the Nordic capitals Stockholm, Oslo, Copenhagen, and Helsinki as well as Sweden’s second and third largest cities Gothenburg and Malmo. IP-Only was founded in 1999 and is headquartered in Uppsala, Sweden.

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