Press release -
AddSecure completes acquisition of ISG and adds Smart Surveillance to its portfolio
The common objective of the two companies is to jointly become a leading provider video Surveillance-as-a-Service across Europe.
AddSecure, a leading European provider of premium IoT solutions with a focus on secure critical communications and data, announced today that it has completed the acquisition of International Security Group GmbH, a leading German innovator in technology-driven video Surveillance-as-a-Service.
Closing of the acquisition follows the announcement on November 24, 2020 of AddSecure’s intention to acquire ISG. By entering and capturing market share in the fast-growing video surveillance market, the investment supports AddSecure’s ambitious growth strategy.
AddSecure creates new business area Smart Surveillance
ISG provides a comprehensive portfolio of mobile video surveillance solutions marketed as Video Guard to customers within industries such as construction, logistics and infrastructure. The common objective of the two companies is to jointly become a leading provider of video Surveillance-as-a-Service across Europe.
The demand for video surveillance in both business and the public sector is growing significantly, as many organizations are expected and required to have a certain level of security and monitoring measures.
Stefan Albertsson, CEO of AddSecure, says: "I am very excited to welcome ISG to the AddSecure family. With ISG’s market leading solutions, we are strengthening our offering and taking an important step by setting up the new business area, Smart Surveillance. Video Surveillance-as-a-Service presents compelling future growth opportunities and the solution is ideally suited for internationalization and new use cases.”
Jörn Windler, Managing Director of International Security Group, says: “For us the acquisition is an opportunity to join an expansive European provider. With AddSecure as owners, ISG can continue to grow and evolve in Europe.”
With the acquisition now closed, ISG’s Managing Director Jörn Windler will continue to lead the ISG team, reporting to the CEO of AddSecure, Stefan Albertsson.
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Topics
- Data, Telecom, IT
Categories
- acquisition
- iot
- smart surveillance
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 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.
