Target Information

AddSecure, a prominent European provider of premium solutions for secure data and critical communications, has successfully acquired Dualtech IT AB. Dualtech is recognized as a leading supplier of secure IP-based alarm communication terminals and innovative services. This acquisition aims to enhance AddSecure's Smart Alarms portfolio, bolster its expertise, and expand its market coverage across Europe. The integration of Dualtech's cutting-edge solutions will position AddSecure to better serve the evolving needs of its customers in the security sector.

Dualtech has established a reputable presence with its innovative offerings and boasts a clientele spanning over 20 countries. With more than 250,000 secure alarm communications products delivered, Dualtech's experience in digitization is pivotal as the industry transitions away from outdated 2G and 3G networks, which is particularly relevant in the context of upcoming regulatory standards.

Industry Overview in Europe

The security communications industry in Europe is undergoing significant transformation, driven by advancements in technology and changing customer demands. The impending closure of 2G and 3G networks has created a sense of urgency among security service providers to upgrade their systems to meet modern standards. As a result, there is a growing market for secure, IP-based solutions that ensure reliability and compliance with new regulatory frameworks.

Additionally, the European Union has mandated the new alarm transmission standard, EU standard 50136-3, which necessitates that alarm systems are tested end-to-end. This regulatory change reflects a broader commitment to enhancing security standards across the continent, aligning with the pressing need for technologically advanced systems that offer both security and peace of mind.

Dualtech's expertise in providing innovative alarm communication solutions positions the company favorably within this evolving landscape. By adopting a 'Security as a Service' business model, Dualtech is well-equipped to address the demands of a rapidly changing market. The successful combination of these advancements will ultimately benefit end-users seeking reliable security solutions in an increasingly digital world.

Rationale Behind the Deal

The acquisition of Dualtech by AddSecure is strategically aligned with the company's goal of enhancing its Smart Alarms portfolio and addressing the needs arising from the technological shift in the security industry. Stefan Albertsson, CEO of AddSecure, noted that Dualtech's experience in the digital transformation of alarm communications offers tremendous value, particularly given the common needs of customers across Europe as networks phase out older technologies.

By bringing Dualtech's innovative platform under its umbrella, AddSecure is uniquely positioned to offer comprehensive end-to-end solutions that comply with the new EU alarm transmission standard. This move not only satisfies regulatory requirements but also strengthens AddSecure's competitive advantage in the European market.

Investor Information

AddSecure is majority-owned by funds managed by Castik Capital, a European private equity firm established in 2014. Castik Capital is known for its long-term investment strategy and focus on creating substantial value within its portfolio companies. With a commitment to innovation and growth, Castik Capital supports AddSecure in expanding its operational capabilities, enhancing its service portfolio, and capturing new market opportunities.

As a well-capitalized investor, Castik Capital's support enables AddSecure to navigate the competitive landscape while continuously improving its technology and solutions. This backing is essential for the success of the acquisition and will facilitate the seamless integration of Dualtech's offerings into AddSecure's established framework.

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The acquisition of Dualtech IT AB by AddSecure represents a strategic investment that is likely to yield positive outcomes for both companies. By incorporating Dualtech's capabilities, AddSecure enhances its positioning in a rapidly evolving security landscape, particularly as regulations tighten and technological advancements continue to reshape the industry.

This deal has the potential to deliver significant value to existing and future customers of both companies. The integration of Dualtech's secure communication technologies with AddSecure's Smart Alarms portfolio promises to create future-proof solutions that meet the growing demand for reliable alarm systems across Europe. Furthermore, the enhanced offerings will enable AddSecure to cater to diverse market segments, thereby driving business growth.

Moreover, with Dualtech's established customer base and technological edge, AddSecure is well-positioned to leverage Dualtech's strengths for market expansion. This acquisition not only strengthens AddSecure's market coverage but also aligns with its vision of providing innovative, secure solutions that contribute to public safety and critical communications.

Considering market trends and regulatory requirements, this acquisition appears to be a well-calculated and timely decision for AddSecure, signaling its commitment to remaining at the forefront of the security communications sector.

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AddSecure

invested in

Dualtech IT AB

in 2020

in a Buyout deal

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