AddSecure has acquired Connecting Solutions as part of its growth strategy within its new business unit, Smart Mobility.
The deal strengthens AddSecure’s position and market share in Belgium, aligning with its “continuous growth strategy”.
In September 2023, AddSecure acquired Clifford Group and established a new business unit, Smart Mobility, with the objective of expanding the business unit both through organic growth and acquisitions. Just months after the deal closed, the new owners are backing Clifford Group with the capture of Connecting Solutions, for an undisclosed sum.
The Smart Mobility business unit offers telematics and business software solutions, specialising in mobile security and connected mobility solutions. It operates under the brands Clifford and Faringwell for mobile security, and Traxgo for connected mobility.
The acquisition complements AddSecure’s current connected mobility business and will be integrated into the Traxgo brand. Situated in Belgium, Connecting Solutions provides fleet management systems with information on vehicles’ location (track and trace), monitoring and software applications.
“This deal not only strengthens our position and expands Traxgo's market share in Belgium and the Netherlands, but also brings a robust customer base, and opens up an additional sales channel through distributors,” said Huibjan Braafhart, president of Smart Mobility.
“We are pleased to support the continued development of Smart Mobility, the acquisition underscores our dedication and is a key component of our ongoing growth strategy," said Stefan Albertsson (pictured), CEO of AddSecure.
