Addsecure consists of the three former companies Multicom Security, Safetel and Securinet, and has some 130 employees. “With the acquisition of Chiron Security Communications we will not just have a broad and unique offer to our customers in the Nordics but also realise our plan to establish ourselves globally”, says Stefan Albertsson. He claims that Addsecure and Chiron together will have two thirds of the market share in Scandinavia and that Addsecure now takes a big step towards its goal, which is to be the leading supplier of secure communication for alarm and IoT solutions in Europe.

Chiron has designed and developed communication systems for the security industry for over 27 years, has around 25 employees and a 7 million Euro turnover. According to Ian Tredinnick, co-founder of Chiron, 98 per cent of its business is located outside of the UK.

He says: “A lot of people have been looking to buy Chiron, but I believe Addsecure provides the right technology, the right understanding of the business and the wish to get outside of Scandinavia, which makes a match between the two.”

The companies see a significant synergy, both through market base and new technologies. Most importantly, both Chiron’s customer base and Addsecure’s customer base will be able to use Chiron’s new interactive services, which will be launched soon.