Castik Capital has acquired a majority stake in AddSecure, a leading European provider of secure data and communication solutions, aiming to accelerate the company's growth and market presence.
Information on the Target
AddSecure is a prominent European provider of premium solutions for secure data and critical communications, catering to a diverse clientele of over 50,000 customers and partners across the continent. Established in the early 1970s and headquartered in Sweden, the company has experienced significant growth, tripling its size in the past three years and now operating in 12 countries. With a dedicated workforce of over 330 employees, AddSecure specializes in several key verticals, including Smart Alarms, Smart Rescue, Smart Grids, and Smart Transport.
The company has built a comprehensive portfolio aimed at safeguarding life- and business-critical applications. By delivering innovative solutions, AddSecure contributes to key societal functions, enhancing safety and operational efficiency for various organizations.
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Industry Overview in Sweden
Sweden is known for its robust technological infrastructure and commitment to innovation, particularly in the realms of internet connectivity and smart technologies. The country boasts a highly developed IoT ecosystem, making it an idea
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Castik Capital
invested in
AddSecure
in 2019
in a Management Buyout / Buy-In (MBO) deal