Press release -
AddSecure completes acquisition of Alerta from Telia Finland
With the Alerta team and services onboard AddSecure has reinforced its platform for further growth and expansion in Finland.
AddSecure has completed its acquisition of the Alerta business from Telia Finland. Closing of the acquisition follows the announcement on September 10, 2020 of the intention to acquire Alerta, and Finnish governmental approval of the business transfer agreement.
The Alerta offering comprises solutions that enable secure alarm transmission and remote management of multiple systems targeted at the public sector and private companies. With the team and services onboard AddSecure has reinforced its platform for further growth and expansion.
“We expect Alerta to be a meaningful contributor to AddSecure’s growth in 2021 and beyond, as we build on our position as the leading provider of alarm transmission, secure communications, and smart solutions in Finland”, says Magnus Lengdell, President Smart Alarms, AddSecure.
Customers will experience no interruption in their alarm monitoring service, and none of the changes associated with the transition will affect the operation of the alarm systems.
“As an established provider of secure communications and solutions, we look forward to providing Alerta’s customers with the same level of service and integrity that they have enjoyed from Telia”, Magnus Lengdell continues.
Alerta’s 19 employees will transfer to AddSecure with the closing of the acquisition.
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Topics
- Data, Telecom, IT
Categories
- smart alarms
AddSecure
AddSecure is a leading European provider of premium IoT solutions with a focus on secure critical communications and data. More than 50,000 customers within the security and safety industry, rescue services, building security and automation, digital care, transport and logistics, utilities, smart cities, and more, safeguard their life and business-critical applications with solutions from AddSecure. This helps save lives, protect property and vital societal functions, and drives business.
The secure and reliable end-to-end solutions within the business units Smart Alarms, Smart Care, Smart Grids, Smart Rescue, Smart Surveillance, and Smart Transport, help make the world a safer and smarter place.
The company, founded in the early 1970s, today employs more than 880 staff in 15 countries. AddSecure is headquartered in Stockholm, Sweden, and has regional offices as well as a network of distributors around Europe.
AddSecure is majority-owned by Funds managed by Castik Capital, a European private equity fund with a long-term approach to value creation, founded in 2014.
