AddSecure Acquires Stella Safety Phone Business Unit from Stella Kotipalvelut Oy
December 17, 2019
AddSecure, a Sweden-headquartered provider of secure critical communications, has agreed to acquire the Stella Safety Phone business unit from Finnish provider Stella Kotipalvelut Oy; the deal was expected to close by the end of January 2020. The acquisition brings AddSecure into the telecare / smart care market, adding a certified alarm receiving center and products serving ~52,000 end-customers across more than 200 Finnish municipalities; AddSecure is majority-owned by Castik Capital, which backs the transaction.
- Buyers
- AddSecure, Castik Capital
- Targets
- Stella Safety Phone (business unit of Stella Kotipalvelut Oy)
- Sellers
- Stella Kotipalvelut Oy
- Platforms
- AddSecure
- Industry
- Healthcare Services
- Location
- Finland
- Transaction Type
- Addon
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