AddSecure Group has divested its Video Guard operations to Kooi Camera Surveillance to enhance focus on core competencies and strategic growth.
Target Information
AddSecure Group is a prominent provider of secure IoT connectivity and end-to-end solutions across Europe. The company has recently entered into an agreement to divest its Video Guard operations, which focus on video surveillance. This divestment marks a significant strategic move as the company aims to enhance its core competencies and prioritize its strategic objectives.
Video Guard, which AddSecure acquired in 2020, has demonstrated remarkable growth under AddSecure’s stewardship. The business experienced a turnover increase of over 300%, expanded its workforce significantly, and grew its rental tower numbers from 1,600 to nearly 3,000, showcasing its success in the video surveillance sector.
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Industry Overview
The video surveillance industry in Europe has been rapidly evolving, with increasing demand for security solutions across various sectors such as construction, infrastructure, and renewable
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