Carlsquare advises the International Security Group GmbH on the sale to AddSecure
AddSecure, a leading European provider of premium IoT solutions with a focus on secure critical communications and data, has acquired the International Security Group GmbH, a leading German innovator in technology-driven video surveillance-as-a-service. ISG offers a comprehensive portfolio of mobile video surveillance solutions marketed as VIDEO GUARD to customers within industries such as construction, logistics and infrastructure.
With the acquisition, AddSecure enters the attractive video surveillance market, a growth market with vast potential. The mobile video surveillance market in Germany, ISG’s core market, is expected to grow at over 30% p.a. with similar growth rates possible in other European geographies given the markets are relatively nascent.
The International Security Group is a leading German innovator in technology-driven video surveillance-as-a-service. The company offers its 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 and areas safe in industries such as construction, logistics 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. The company employs 49, and is based in Hesel in Lower Saxony, Germany, and has a Danish subsidiary in Copenhagen.
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.
The joint mission is to enhance the safety and security across industries such as construction, utilities, transportation and more, with the objective to become a leading European provider of video surveillance-as-a-service. 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.
“The acquisition of ISG boosts AddSecure’s reach in the IoT and secure critical communications and data space, and enhances our offering with the addition of advanced video surveillance technology. Entering into this growing market is a logical next step to support our ambitious growth strategy, and fits perfectly with our extensive knowledge of security and safety and our current offering of smart solutions,” said Stefan Albertsson, CEO of AddSecure.
“We are excited to join the AddSecure organisation with its expansive growth strategy and pan-European footprint that will open new opportunities for the VIDEO GUARD product range,” said Jörn Windler, Managing Director of International Security Group.
Jörn Windler will remain as the Managing Director of the business post-acquisition and will be instrumental in integrating the video surveillance offering into AddSecure.
Carlsquare acted as the exclusive sell-side advisor to the International Security Group.
International Security Group GmbH: