Through the deal, European customers will benefit from future-proof, secure and reliable end-to-end solutions. This is of particular importance in view of the forthcoming technological shift and the new alarm transmission EU standard 50136-3 required by 2021.
AddSecure, a leading European provider of premium solutions for secure data and critical communications, has completed an agreement to acquire Dualtech IT AB, a leading supplier of secure IP based alarm communication terminals and innovative services, to strengthen its Smart Alarms’ portfolio, expertise, and market coverage in Europe.
“We are delighted to have reached agreement with a company that has demonstrated consistent innovation and dedication to their customers over a long period of time”, says Stefan Albertsson, CEO of AddSecure.
Dualtech’s experience of digitization is of particular importance with the forthcoming technology shift, i.e. the closing down of 2G and 3G networks that is taking place throughout Europe.
“As the technology shift will take place across Europe, there will be a large number of customers with similar needs around Europe. Dualtech's platform and experience in the field are therefore of great value to AddSecure”, Albertsson continues.
By combining offerings the companies are also well positioned considering the new alarm transmission EU standard 50136-3 required by 2021, which stipulates that an alarm system must be tested end-to-end, and will be will be able to provide European customers with future-proof, secure and reliable end-to-end solutions.
Dualtech will be part of AddSecure, and the product portfolio will coexist together with AddSecure’s existing Smart Alarms offering. Future offerings will combine the innovative solutions from both portfolios. The Dualtech founders and staff will continue to drive and grow the market and Dualtech’s solutions portfolio.
“This transaction provides Dualtech customers with an excellent outcome in terms of their ability to access the latest technology and solutions available. It also provides an exciting future for our staff with an expansive growth company”, says Anders Johansson, Managing Director of Dualtech.
Dualtech has customers in over 20 countries around the world, and has delivered over 250 000 secure alarm communications products.
For more information, please contact:
Kristina Grandin, Corporate Marketing Manager, AddSecure
Mobile: +46 70 689 52 08, kristina.grandin@addsecure.com
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 750 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.
About Dualtech IT
Dualtech IT AB, founded 1999, is a leading supplier of secure and cost-efficient alarm communications solutions. The company provides secure IP based alarm communication terminals and innovative services, and is an appreciated and well-renowned business and technology development partner to leading security industry companies all over Europe.
Dualtech focuses on the ongoing transformation of the security industry to new business models under the umbrella Security as a Service, and has long experience and great knowledge of what the digitalization and transformation means to business
Dualtech has customers in over 20 countries around the world, and has delivered over 250 000 secure alarm communications products.
The company has its head office in Gothenburg, Sweden, a sales office in Stockholm, Sweden as well as a subsidiary office in Paris, France.