AddSecure to acquire the alarm communications business of Prevent 360 to further strengthen its position as a leading European player in the secure critical communications sector.
Last month AddSecure announced that its target is to become the leading company in its field in Europe when acquiring Swedish Contal Security. Now AddSecure is strengthening its Nordic presence further by acquiring the alarm communication technologies business of Finnish Prevent 360, majority-owned by private equity firm Intera.
This part of Prevent 360 provides a range of alarm transmission and monitoring services and has a substantial share of the market for transmission of fire alarms in Finland. Under the agreement, AddSecure and Prevent 360 will also enter into a strategic partnership providing services to each other.
“Finland is a strong and growing market for advanced technology. As AddSecure has extensive experience within the security industry and a tradition of adapting to market needs, we see a strategic fit. We are very pleased to combine our two businesses and leverage our collective resources and expertise to accelerate growth”, said Stefan Albertsson, CEO of AddSecure.
“We have no doubt that the business will go on to further growth under AddSecure, which is the right partner to support the alarm communications services continued success, as Prevent 360 will increasingly focus on its core business of providing guarding and other security services to business customers”, said Juhani Laakso, Board Member at Prevent 360 and Partner at Intera.
Commenting on the partnership he continued:
“I am confident that, together, we will achieve great things and continue to provide the highest quality security services to our shared customers in the market.”
AddSecure will continue with the well-established service concept that Prevent 360 has developed. As part of the transaction, the company announced that the current local Prevent 360 team will become part of the AddSecure organisation and that a new entity, AddSecure Oy, is being established.
The acquisition of Prevent 360 marks AddSecure’s third move in corporate acquisitions in 2017, after Contal Security in Sweden and Chiron Security Communications in the UK. According to Stefan Albertsson, corporate acquisitions are important steps as AddSecure is growing to become a leading European player in the secure critical communications sector.
For more information, please contact:
Kristina Grandin, Corporate Marketing Manager, AddSecure
Mobile: +46 70 689 52 08, Email: [email protected]
Juhani Laakso, Board Member, Prevent 360 and Partner, Intera
Mobile +358 40 646 22 55, Email: [email protected]