Vehco, a leading European provider of Fleet Management Systems (FMS) and part of AddSecure, announced today that Jenny Nyström has been appointed as the company’s new Financial Director. Nyström joins from Stena Stål AB and will assume the position on April 1.
Since AddSecure stepped in as new owners of Vehco in May 2018, Vehco has strengthened its financial conditions and taken market shares with new acquisitions. In the role as Financial Director, Jenny Nyström will take a central part of the continued expansion. With 20 years of experience and documented strategic skills, Jenny will bring valuable knowledge and competence to Vehco’s Management Team.
“Jenny has a long and broad experience of finance, from accounting to controlling, from individual business operations to corporate group level. These are experiences that will be useful in the building of Vehco’s and AddSecure’s future. On top of this, Jenny has a solid experience from working in management teams of industrial companies, which will be a great contribution to Vehco's Management Team and the development of Vehco”, says Johan Frilund, CEO of Vehco.
“I’m really excited to join Vehco and to take part of their journey for growth. I thrive in eventful environments and believe that my previous experience of process work will be valuable in my new role. I have been very well received by Vehco’s Management Team and look forward to be part of the team”, says Jenny Nyström, Financial Director, Vehco.
Vehco, established in 2001, is a leading European provider of Fleet Management Systems (FMS), and part of AddSecure. The core business is to provide Fleet Management Systems for heavy and light commercial vehicles. Vehco serves over 1 200 customers and has offices in Sweden (HQ), Finland, Norway, Denmark, Germany, Netherlands, Belgium, France and Spain. Vehco markets and sells its products through a dedicated sales team and through partners in Europe and in North America. Vehco has 150 employees and a yearly revenueof 27M€.
AddSecure is a leading European player within secure critical communications. The company provides over 50,000 customers and partners around Europe with secure communication solutions within monitored alarms and critical IoT communications. In total, AddSecure has delivered close to 400,000 connections and one million units.
AddSecure provides solutions within the following segments; Smart Alarms, Smart Rescue, Smart Grids and Smart Transport. The solutions - which help save lives, protect property and secure vital societal functions - are flexible, easy to install and help increase customers' competitiveness.
The company founded in the early 1970s today employs more than 300 staff. AddSecure has its headquarters in Sweden and regional offices as well as a network of distributors around Europe. AddSecure is owned by Abry Partners, an American private equity fund founded in 1989 and headquartered in Boston, USA.