AddSecure Acquires Navkonzept GmbH

July 22, 2020

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.

Buyers
AddSecure, Castik Capital
Targets
Navkonzept GmbH
Platforms
AddSecure Smart Transport
Industry
Transportation
Location
Germany
Transaction Type
Addon

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.