.
MergerLinks Header Logo

Announced

Completed

Castik Capital-backed AddSecure completed the acquisition of Connexas Group from Horizon Capital.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Majority

connected vehicle software

United Kingdom

Single Bidder

Private

Acquisition

Friendly

Software

Private Equity

Completed

Cross Border

Synopsis

Edit

Castik Capital-backed AddSecure, a European provider of premium solutions for secure data and critical communications, completed the acquisition of Connexas Group, a provider of connected vehicle technology and fleet management solutions throughout the UK, EU, North America and Australia, from Horizon Capital, a London-based private equity firm. Financial terms were not disclosed. The acquisition of Connexas enables AddSecure to establish a presence for transport and logistics in the UK market, and furthers AddSecure’s strategy of becoming a leading provider of Fleet and Transport Management solutions across Europe.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US