Announced
Completed
Financials
Sources
Tags
Private
Sweden
Completed
Single Bidder
Friendly
location tracking
Mobility
Acquisition
Domestic
Majority
Synopsis
AddSecure, a provider of secure IoT connectivity solutions, completed the acquisition of LOSTnFOUND, a provider of location tracking. Financial terms were not disclosed. "I look forward to welcoming LOSTnFOUND into the AddSecure Group. This acquisition delivers on our strategy of becoming the leading provider of fleet and transport management solutions in Europe and will add complementary telematics and tracking solutions to our business. We believe this acquisition will help us serve our customers in an even better way today and in the future,” Claes Odman, AddSecure President.
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