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Vehco appoints new CEO to strengthen operations and continue European expansion. Johan Frilund will assume the role on March 1, with main focus to position Vehco in the new connected ecosystem that emerges within the Transport and Logistics industry.
In May 2018, AddSecure acquired Vehco with the objective to grow Vehco both organically and through acquisitions to become the leading Fleet Management provider in Europe to heavy commercial vehicles (HCV). Just two months after the signed deal the new owner supports Vehco in the company’s long-term growth strategy through the acquisition of Groeneveld ICT Solutions.
Vehco, one of the largest pan-european providers of telematics systems, accelerates its growth through AddSecure who acquired Vehco on May 22, 2018. With the new owner, Vehco now has the structure and the financial strength to become the largest provider of systems for fleet management in Europe to heavy commercial vehicles (HCV).
The Nordic company AddSecure acquires Chiron Security Communications, an AoIP company that operates across Europe and beyond. Through the acquisition, AddSecure takes a big step towards their goal, to be the leading supplier of secure communication for alarm and IoT solutions in Europe.