Northampton telematics group Connexas acquired
Posted on May 27, 2020 by Alistair Hardaker
Swedish critical comms and secure data provider AddSecure has acquired smart transport solutions provider Connexas.
Northampton-headquartered Connexas is a group of companies offering transport tech solutions spanning full journey and delivery management, camera systems and driving performance applications.
Among its clients is Royal Mail, which uses its fleet management platform.
The deal is hoped to establish AddSecure Group’s presence for transport and logistics in the UK Fleet and Transport Management market.
Through the acquisition, AddSecure will see annual revenues increase by €25m (£22.3m), to over €145m (£129m).
The deal will also add over 100,000 billable connections, taking AddSecure to a total of more than 2 million connected units in Europe total.
“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,” said Stefan Albertsson, CEO of AddSecure.
Andrew Overton CEO of Connexas added: “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.”