By entering this fast-growing market and adding video Surveillance-as-a-Service to its offering, AddSecure expects the acquisition to support the company’s ambitious growth strategy.
AddSecure, a leading European provider of premium IoT solutions with a focus on secure critical communications and data, announced today that it has entered into an agreement to acquire International Security Group GmbH, a leading German innovator in technology-driven video Surveillance-as-a-Service. ISG offers a comprehensive portfolio of mobile video surveillance solutions marketed as Video Guard to customers within industries such as construction, logistics and infrastructure.
With the acquisition, AddSecure enters the attractive video surveillance market, a growth market with vast potential. The mobile video surveillance market in Germany, ISG’s core market, is expected to grow at over 30% p.a. with similar growth rates possible in other European geographies given the markets are relatively nascent.
The joint mission is to enhance the safety and security across industries such as construction, utilities, transportation and more, with the objective to become a leading European provider of video Surveillance-as-a-Service.
“The acquisition of ISG boosts AddSecure’s reach in the IoT and secure critical communications and data space, and enhances our offering with the addition of advanced video surveillance technology. Entering into this growing market is a logical next step to support our ambitious growth strategy, and fits perfectly with our extensive knowledge of security and safety and our current offering of smart solutions,” said Stefan Albertsson, CEO of AddSecure.
“We are excited to join the AddSecure organization with its expansive growth strategy and pan-European footprint that will open new opportunities for the Video Guard product range,” said Jörn Windler, Managing Director of International Security Group.
Jörn Windler will remain as the Managing Director of the business post-acquisition and will be instrumental in integrating the video surveillance offering into AddSecure.
For more information, please contact:
Kristina Grandin, Director Corporate & Marketing Communication, AddSecure
Mobile: +46 70 689 52 08, kristina.grandin@addsecure.com
About International Security Group
International Security Group is a leading German innovator in technology-driven video surveillance-as-a-Service. The company offers customers, in Germany and abroad, a comprehensive portfolio of mobile video surveillance solutions. The offering, marketed as Video Guard, helps customers to keep their assets safe in industries such as construction, energy and infrastructure.
The focus is on self-developed security solutions that meet the highest quality standards. Technical know-how, and a high degree of innovative strength form the basis for this. Among other things, the portfolio includes national and international security services with security technology and personnel.
The company is based in Hesel in Lower Saxony, Germany, and has a Danish subsidiary in Copenhagen.
About AddSecure
AddSecure is a leading European provider of premium IoT solutions with a focus on secure critical communications and data. More than 100,000 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, and Smart Transport, help make the world a safer and smarter place.
The company, founded in the early 1970s, today employs more than 830 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.
