AddSecure, a leading European provider of premium solutions for secure data and critical communications, announced today that it is acquiring the business unit iZafe Security (iZafe AB) from iZafe Group (NASDAQ First North: IZAFE B). Through the acquisition of iZafe AB, a leader in personal security, AddSecure strengthens both its Smart Rescue offering and its strategy to become a leading provider of smart and secure communication solutions in Europe.
iZafe AB provides a wide range of personal alarms that increase safety in the workplace and among the customers are over 90 municipalities and several large companies.
“iZafe’s personal alarms and other security and safety solutions complement AddSecure's product portfolio perfectly and strengthen our position as the leading provider of personal safety and solutions for lone workers in Sweden,” says Stefan Albertsson, CEO of AddSecure.
iZafe Group AB will, with the sale, focus on the Healthcare business unit and thus become a pure Life Science company.
“A crucial factor in choosing a buyer has been to ensure that iZafe’s customers are offered at least the quality they are used to today. We are convinced that AddSecure, which is a leading player with experience and expertise, will offer iZafe’s customers an expanded high-quality range of products and services as well as a first-class customer service,” says Anders Segerström, CEO of iZafe Group AB.
iZafe AB will be integrated into AddSecure and become part of the company's Smart Rescue offering.
For more information, please contact:
Kristina Grandin, Corporate Marketing Manager, AddSecure
Mobile: +46 70 689 52 08, kristina.grandin@addsecure.com
About iZafe
iZafe AB (former Sensec Personlig Säkerhet AB) is the company through which the iZafe Group’s operations within personal alarms and security solutions are conducted. The company has a wide range of personal alarms that increase safety in the workplace. iZafe's personal alarm in the mobile is a simple and discreet way to quickly call for help. The Push to talk app works as a walkie-talkie with alarm function, where the user can easily keep in touch with colleagues or alarm.
About AddSecure
AddSecure is a leading European provider of premium solutions for secure data and critical communications. The company serves over 50 000 business customers and partners around Europe with secure communications and solutions that help customers safeguard their life- and business-critical applications. This helps save lives, protect property and vital societal functions, and drive business.
AddSecure serves customers in the security and safety industry, in building security and automation, in digital care, in transport and logistics, in utilities and smart cities, and more. Customers are provided with solutions within Smart Alarms, Smart Care, Smart Grids, Smart Rescue, and Smart Transport.
The company, founded in the early 1970s, today employs more than 650 staff in 15 countries. AddSecure is headquartered in 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.