Announced
Completed
Financials
Tags
Majority
connected vehicle software
United Kingdom
Single Bidder
Private
Acquisition
Friendly
Software
Private Equity
Completed
Cross Border
Synopsis
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.
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