Vehco announces name change of Paetronics, the leading Finnish Fleet Management Systems provider, to Vehco. Through one strong brand, the company can now operate more efficiently throughout the Nordics and beyond.
AddSecure-owned Vehco today announced that it changes name of its latest acquisition Paetronics to Vehco. Paetronics, the leading Finnish Fleet Management supplier to a wide range of transport companies in Finland, has been a part of Vehco since January 2019 and is now under the same brand. By integrating Paetronics’ operations and changing the name, Vehco accelerates growth and strengthens its footprint in the Nordics.
Customers and partners will find no change in the quality of products or services offered, but will benefit from additional products, software and innovations.
“We will continue to provide best-in-class vehicle and transport services required by customers in Finland and across Europe while our customers will reap the many benefits of an international brand,” said Mika Kivela, CEO of Paetronics Oy.
“Two already experienced organizations will now collect all the knowledge into one brand showing customers that Vehco is the go-to-supplier when it comes to Fleet Management Systems in Europe. With Paetronics established position in the Finnish market we have a solid foundation for building and strengthening the Vehco brand in the Nordics and beyond,” said Johan Frilund, CEO of 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.