Vehco acquires Paetronics Oy to strengthen Nordic footprint 18.1.2019
AddSecure-owned Fleet Management Systems provider Vehco, today announced that it has acquired Paetronics Oy, the leading Finnish Fleet Management supplier to a wide range of transport companies in Finland.
Shortly after AddSecure stepped in as new owners in May 2018, Vehco announced the strategic acquisition of Groeneveld ICT, a leading Dutch Fleet Management provider. With the acquisition of Paetronics, Vehco pursues its growth strategy and vision of becoming the leading Fleet Management provider in Europe to heavy commercial vehicles (HCV). At the same time, Addsecure further strengthens its position in Finland, after having established Addsecure Oy early 2018.
Through the acquisition, Vehco strengthens its market leading position in the Nordics and has a solid platform for European growth. At the same time, the company expands its know-how on state-of-the-art hardware and software platforms, empowers its solutions portfolio as well as increases its R&D capacity.