AddSecure completed the acquisition of European telematics division from Astrata.

AddSecure, a provider of secure IoT connectivity and end-to-end solutions, completed the acquisition of European telematics division from Astrata, a software company with strong foundations in supply chain optimization, geolocation, telematics and fleet management systems. Financial terms were not disclosed. “This acquisition marks a significant milestone for AddSecure as it strengthens our position as a leading provider of IoT solutions to the transport and logistics industry across Europe. With the integration of Astrata’s European telematics division, AddSecure is well-positioned to provide innovative and comprehensive solutions to its customers, further solidifying our leading role in the market,” Stefan Albertsson, AddSecure CEO.