Castik Capital Acquires Majority Stake in AddSecure from Abry Partners

Castik Capital Acquires Majority Stake in Aider

October 21, 2024

Accounting & Tax

Funds managed by Castik Capital have acquired a 55% majority stake in Norwegian accounting and consulting group Aider, with over 160 employees retaining a combined 45% ownership. The partnership gives Aider access to capital to continue its buy-and-build strategy, accelerate further acquisitions, expand in Norway and pursue longer-term Nordic growth.

AddSecure Acquires Astrata Europe B.V.'s European Telematics Division

June 5, 2024

Transportation

AddSecure, a Castik Capital-backed provider of secure IoT and fleet solutions, has acquired Astrata Europe B.V., the European telematics division of Astrata, closing the transaction on June 5, 2024. The deal expands AddSecure's transport and logistics offering, adds telematics expertise and sales capabilities, and extends its geographic footprint into markets such as Italy and Hungary.

Castik Capital Acquires Majority Stake in Andra Tech Group

May 14, 2024

Manufacturing

Funds managed by Castik Capital S.a.r.l. have agreed to acquire a majority stake in Andra Tech Group from funds advised by Equistone Partners Europe, Mountainview Capital Partners and management; Equistone and management will remain minority shareholders. Andra Tech Group, a Netherlands-headquartered group of precision component manufacturers employing ~700 people across 11 sites in the Netherlands and Germany, will pursue an accelerated growth strategy supported by Castik, including geographic expansion and capability development.

AddSecure Acquires Clifford Group to Enter Connected Mobility IoT Vertical

September 4, 2023

Telecommunications

AddSecure, a European secure IoT connectivity provider majority‑owned by Castik Capital, will acquire Clifford Group, a Benelux telematics and mobile security specialist. The deal creates a new Smart Mobility business unit within AddSecure to expand into connected mobility, enable cross‑sell opportunities and support geographic expansion in the Benelux and beyond.

AddSecure Acquires Navkonzept GmbH

July 22, 2020

Transportation

AddSecure, the Castik Capital-backed European provider of secure data and critical communications, has acquired Navkonzept GmbH, a German aftermarket telematics supplier of fleet management solutions. The deal strengthens AddSecure Smart Transport's presence in Germany, adds ~20,000 billable connections and increases the Smart Transport division's revenues as AddSecure integrates Navkonzept into its Smart Transport business.

AddSecure Acquires Stella Safety Phone Business Unit from Stella Kotipalvelut Oy

December 17, 2019

Healthcare Services

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.