AddSecure has acquired iZafe AB to enhance its Smart Rescue offering and strengthen its position as a leader in personal safety solutions in Sweden.
Information on the Target
AddSecure has made a strategic move to enhance its Smart Rescue offering by acquiring iZafe Security (iZafe AB) from iZafe Group (NASDAQ First North: IZAFE B). As a frontrunner in personal security solutions, iZafe AB provides a diverse range of personal alarms designed to bolster safety in various environments, particularly workplaces. The company’s client portfolio features over 90 municipalities alongside several large corporations, illustrating its significance in the personal safety sector.
Through this acquisition, AddSecure aims to solidify its position as a market leader in personal safety and solutions for lone workers in Sweden. The integration of iZafe's offerings into AddSecure will enhance the existing Smart Rescue portfolio, allowing the combined entity to deliver a more expansive range of high-quality products and superior customer service to its clientele.
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Industry Overview in Sweden
The personal safety and security industry in Sweden is rapidly evolving, driven by increasing awareness of workplace safety and the rise of technology-based solutions. Swedish businesses are i
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