Addsecure Group has signed an agreement to divest its Video Guard operations to Kooi Camera Surveillance, a European provider of mobile security solutions for sectors such as construction, infrastructure, and renewable energy, headquartered in the Netherlands.
Addsecure’s acquisition of the German company Video Guard in 2020 was a strategic step to expand its pan-European footprint and enter the growing video surveillance market. Under Addsecure’s ownership the business has achieved impressive growth: turnover has increased by more than 300%, the team has more than doubled in size, and the number of rental towers has increased from 1.600 to nearly 3000.
Stefan Albertsson, CEO of Addsecure Group, comments: “This transaction is an important milestone for both companies, enabling us to pursue our respective growth strategies. Having reached a new level of maturity, Video Guard is now well-positioned to continue its successful journey under Kooi’s ownership. We are confident that Kooi will enable the business to reach its full potential while providing its people with exciting opportunities. At the same time, we are streamlining our set-up for the growth journey ahead by doubling down on our core strengths and strategic priorities”.
Backed by its majority owner Castik Capital, a European private equity fund with a long-term approach to value creation, Addsecure will continue to pursue an ambitious strategy focused on profitable growth, strategic portfolio optimisation and innovation-driven expansion. Strategic acquisitions will continue to play a central role in realising these objectives. Addsecure Group remains committed to ensuring a smooth transition for employees, customers and partners through the process.
