- Company news
- Corporate Finance
- Equity Research
- In Media
- M&A Know-how
- Macro and markets
- Market Snapshots
Newly formed Westra Security has reached an agreement with Bonsoc to acquire and run the operations of Bonsoc’s two redundant data centers as well as a security operation center in Arvika. Bonsoc is part of the Bonnier Group, responsible for sales and development of IT- and data services. Westra Security is a newly formed company under the management of Lars-Olov Viltestam and Turebergs Invest.
“We are very pleased to have reached this deal. The operations in Arvika have been developed during several years and now, as we have reached this agreement, we can secure the jobs in this area as well as hand over the ongoing operations to safe hands”,
says Mats Göthlin, CEO of Bonsoc.
Until now, the center has only been responsible for internal projects within the Bonnier Group but going forward, its services will be marketed to other customers in Sweden. The data center in Arvika has been developed with redundancy in terms of communication, storage and data monitoring. The center is also certified for other types of surveillance, which is an area that Westra Security will further develop with new types of services within security.
The interest for local storage and surveillance in Sweden has increased tremendously since the debate on data storage took off as a result from the leaks from the Swedish Transport Agency. Today, both companies and authorities review their data storage to ensure that the information is kept from unauthorized persons.
“I have worked with security and surveillance for more than 20 years and it feels both challenging and exciting to be able to continue this business and further develop it. We can also help other companies to reach the same level of quality, protection of data storage and operation monitoring,”
says Lars-Olov Viltestam, CEO of Westra Security.
The acquired operations include around ten employees and key persons. Due to security reasons as well as the technical requirements, the data center is located in the municipality of Arvika in Värmland, where several fiber networks are placed between Stockholm and Oslo. There are several collaborating municipalities in the region with great interest of being in the forefront of the development. The expansion opportunities for Westra Security are vast, both within SOC (security operations center) and other areas related to security, which is an attractive growth area in Sweden.
”We see great opportunities in using surveillance, for example when it comes to reducing theft within the haulage contractor industry. Currently, theft of diesel is fully organised, and we view this as an opportunity to offer the market new ways to reduce criminality”,
says Daniel Bergholtz, founder and owner of Turebergs Invest.
Turebergs Invest is an investment company within the Turebergs Åkeri group, the leading transportation provider in Mälardalen. Carlsquare acted as sole financial advisor to Westra Security in the transaction.
“It is exciting to take part in the creation of a new security company in Sweden. The demand for intelligent, simple solutions for safety and security is huge, which accelerates growth”,
says Anders Elgemyr, Managing Partner at Carlsquare.