Secure communication and IoT solutions for critical infrastructure
The shareholders of DigiComm Group, a leading German provider of solutions for critical infrastructure announced the sale of the company to AddSecure Group, a leading European provider of secure IoT connectivity and end-to-end solutions backed by the private equity firms Castik and Abry. Through its entities the DigiComm Group operates in the area of industrial data communication (DigiComm), critical alert & conference systems (Temeno) and smart waste management (Insert IT).
For DigiComm Group, this transaction represents a significant milestone in their growth journey. By becoming part of AddSecure, they gain access to the financial stability and resources of a larger, expansive player. This will empower DigiComm Group to unlock their next phase of growth and further enhance their market position.
Carl von Campe, CEO of DigiComm Group, stated, ‘We are excited to join the AddSecure Group. This partnership will enable us to accelerate our growth plans and offer our customers a wider range of innovative solutions. Together, we will continue to deliver exceptional value and service to our customers. Thank you to GP Bullhound for perfectly leading us through the process.”
The acquisition of DigiComm Group enables AddSecure to expand its presence in the DACH region and gain access to a wide range of expertise and offerings related to critical infrastructure. Thus, enhancing its already solid capabilities and expertise in secure critical communications. Additionally, this strategic move allows AddSecure to enter the emerging area of digital waste management.
“We are delighted to welcome DigiComm Group to the AddSecure family. Their extensive knowledge and experience in critical infrastructure solutions complements our existing solutions portfolio. In addition, the acquisition enables us to continue our expansion in the DACH region where we will leverage DigiComm Group’s established customer base and strong market presence,” said Stefan Albertsson, CEO of AddSecure.
Ivo Polten, Partner at GP Bullhound, remarked: “We are pleased to have supported the shareholders and management of Digicomm Group in their strategic pursuit of finding the perfect partner. AddSecure stands out as the optimal choice to bolster Digicomm’s expansion, refining its communication and IoT solutions, and strengthening its presence in vital infrastructure sectors. As a paramount German hidden champion, Digicomm enhances AddSecure’s portfolio with its distinctive products and solutions, and is set to gain from the strength and extensive coverage of AddSecure’s pan-European platform.”
This transaction signifies another successful engagement for GP Bullhound in the German market in 2023, and reinforces the firm’s expertise in the software and Industrial tech sector, complemented by other recent deals such as the fundraising engagement for NEURA Robotics, exclusive financial advisor to Factor Eleven on its sale to Armira Investment Holding and exclusive financial advisor to Piwik PRO on its merger Cookie Information.
For enquiries, please contact:
Ivo Polten, Partner at email@example.com
About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 14 offices spanning Europe and the US. For more information, please visit www.gpbullhound.com