AddSecure Acquires Swiss Telematics Provider LOSTnFOUND
November 23, 2021
AddSecure, a Stockholm-based provider of secure IoT connectivity and majority-owned by funds managed by Castik Capital, has acquired Swiss telematics and fleet management provider LOSTnFOUND (fleet.tech). The deal expands AddSecure's footprint into Switzerland and Austria, strengthens its transport and logistics offering in the DACH region, and adds complementary telematics, tracking and sales/marketing capabilities to the group.
- Buyers
- AddSecure, Castik Capital
- Targets
- LOSTnFOUND AG
- Platforms
- AddSecure
- Industry
- Transportation
- Location
- Schwyz, Switzerland
- Transaction Type
- Addon
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