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ALSO acquires Finnish distributor Internet Smartsec

ALSO Holding AG (SIX: ALSN) has acquired Internet Smartsec, the Finnish importer and value-added distributor of high-standard security and network products, for an undisclosed sum. Internet Smartsec‘s portfolio encompasses secure e-commerce solutions, VPN routers, user identification equipment, smart cards, encryption technology, IDS and filtering products, as well as various firewall devices. The company also provides consultation and training in data security and data networks. In 2016, Internet Smartsec’s net sales reached €4.5 million, a 61 percent increase compared to the previous year. The company has eleven employees.

“The expertise and product portfolio of Internet Smartsec perfectly complement our range of solutions. Now we can support the growth of our customers by offering them more extensive expertise and a wider product portfolio in the growing network and security market, which will serve as an important basis for the Internet of Things. In leveraging Internet Smartsec offers on a European scale, we will be in a position to expand our Solution and Service business,” said Gustavo Möller-Hergt, CEO of ALSO.

“As a leading company in Europe, ALSO provides us with broad access to international markets. We are delighted to become part of the ALSO Group and offer a more comprehensive range of products and services to our customers. I am confident that Smartsec’s customer-oriented approach combined with its deep technical expertise will be a strong added value in the future,” said Tom Mickelsson, Partner at Internet Smartsec.

Direct link to the press release: http://www.also.com/goto/20170202en

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