We’re delighted to announce the sale of the Connexas Group to AddSecure, a leading European provider of premium solutions for secure data and critical communications. Connexas provides connected vehicle technology and fleet management solutions throughout the UK, EU, North America and Australia. With end-to-end technology solutions spanning full journey and delivery management, high definition camera systems and driving performance applications, Connexas empowers fleets to become smarter, safer and more efficient. Connexas recently won mid-cap Technology Company of the Year at the 2019 UK Business Tech Awards.
The acquisition of Connexas enables AddSecure to establish a presence for transport and logistics in the UK market, and furthers AddSecure’s strategy of becoming a leading provider of Fleet and Transport Management solutions across Europe. We identified a gap in the UK market to develop a Smart Transport Solutions Group and have supported Connexas during its evolution with substantial investment. Both pace of change and profitability have accelerated since 2018 with the expansion of technology suite and entry into new market verticals via the acquisitions of Verilocation, Alcolock GB and Seven Telematics.
Jim Sumner, Chairman of the Connexas Group said: “Connexas has come a long way with the support of Horizon, evolving from a predominantly legacy hardware-based integrator to a SaaS-based, end-to-end software partner for its customers.”
Martin Squier, Horizon Partner and Connexas Board Member, commented: “With the right strategy, an exceptional management team and focussed investment in technology, Connexas has transformed its profitability, market position and prospects. It has been our absolute pleasure to support such a talented team and we wish them well in future. We’re delighted the business has found such a supportive new partner in AddSecure.”