Advised AddSecure, the leading Nordic provider of secure mission critical M2M communications, on its sale to ABRY Partners
Arma Partners is pleased to announce that it has acted as exclusive financial advisor to MSI Holding AB (“AddSecure”), a portfolio company of GMT Communications Partners LLP and Viking Venture AS, on its sale to ABRY Partners.
Headquartered in Stockholm, AddSecure is the Nordic market leader providing secure mission-critical M2M communications for security and other applications across a wide range of verticals including healthcare, public safety, transportation and utilities. The company manages a highly secure communications platform enabling the automated control and remote monitoring and management of sensors and other devices deployed in the field. Employing 120 people in Scandinavia, AddSecure has more than 100,000 business clients.
This transaction demonstrates Arma Partners’ continuing strong sector expertise in M2M communications, IoT and the Industrial Technology sector, building on the previous successful sale of Wireless Logic.