AddSecure acquires Swiss telematics provider LOSTnFOUND. The advisors 

AddSecure, a portfolio company of Castik Capital, a European provider of secure IoT connectivity solutions with a focus on secure critical communications and secure data, has entered into a share purchase agreement regarding the acquisition of LOSTnFOUND Group, a Swiss-based provider of location tracking and fleet management solutions. 

Bär & Karrer acts as legal advisor to AddSecure in this transaction. The team is being co-led by Christoph Neeracher  (pictured right) and Philippe Seiler (pictured left) and includes Elisabeth Rinderknecht, Adrian Zampieri and  Dominique Nguyen (all m&a), Susanne Schreiber and Elena Kumashova (both tax), Faton Aliu (financing), Rehana Harasgama (data protection), Markus Wang, Jonas Bornhauser and Tobias Rebmann (all IP) as well as Laura Rubeli (employment). 

Swiss LOSTnFOUND was founded in 2009 and has subsidiaries in Germany and France, support centers in Austria, and developers in Poland. The acquisition and integration into the AddSecure Group will be completed by the beginning of 2022. 

Through the acquisition AddSecure expands its footprint into Switzerland and Austria, and further strengthens the company’s market leading position within transport and logistics in the DACH region. With LOSTnFOUND on board, AddSecure adds additional telematics experience and gains sales and marketing capabilities.