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Vehco acquires Poland’s leading Fleet Management company, frameLOGIC, to strengthen its European footprint

Göteborg, Sept 2, 2019: Vehco acquires Poland’s leading Fleet Management company, frameLOGIC, to strengthen its European footprint. Through the acquisition, Vehco strengthens its position in Poland, and further realizes its strategy of becoming the leading provider of Fleet Management and Transport Management Systems in Europe.

AddSecure-owned Fleet Management Systems provider Vehco announced today that it has acquired frameLOGIC, the leading Polish provider of cloud-based solutions for Fleet Management, Transport Management, and Mobile Workforce Management.

Since AddSecure stepped in as new owners last year, Vehco has actively been pursuing its growth strategy and vision of becoming the leading Fleet Management provider in Europe to heavy commercial vehicles (HCV). The strategic acquisition of frameLOGIC will further accelerate the growth and complement the company’s existing offering. For frameLOGIC, the acquisition is an opportunity to join an expansive European provider and benefit from Vehco’s innovation capabilities and expertise within Fleet Management Systems.

"We are thrilled to welcoming frameLOGIC to the Vehco family. They have established a strong team and developed impressive state-of-the-art solutions. Both companies will leverage on each other’s development and there are several synergy opportunities ahead. Our customers will benefit from a broader solutions portfolio and our combined expertise,” says Johan Frilund, CEO of Vehco.

“It’s very exciting for us to join the Vehco-team and be a part of their expansive journey. The merger brings opportunities for technological innovations, and growth and scale can be achieved faster. Our customers will benefit from a stronger solutions portfolio and access to the expertise of the whole Vehco group,” says Michał Szprynger, CEO of frameLOGIC.

“The acquisition gives a considerable increase of both companies’ footprint in the market. Vehco and frameLOGIC complement each other well and will aim at becoming leading suppliers within FMS and TMS in Europe together,” says Stefan Albertsson, CEO of AddSecure.

frameLOGIC will continue to be managed as separate company and brand. Michał Szprynger will join Vehco’s Extended Management Team and report directly to the CEO, Johan Frilund.  

 

For more information, please contact:

Anna Stoldt, CCDO, Vehco AB, Tel. +46 (0) 31 64 51 17, anna.stoldt@vehco.com

Michał Szprynger, CEO of frameLOGIC, +48 602 237 747  msz@framelogic.pl

Kristina Grandin, Corporate Communications, AddSecure, tel. +46 70 689 52 08, kristina.grandin@addsecure.com

 

About frameLOGIC

FrameLOGIC, established in 2004, is the leading FMS and TMS player in Poland. The company provides complex technological solutions for Fleet Management, Transport Management, and Mobile Workforce Management. The company is headquartered in Wrocław, Poland, but operates across the whole of Europe, with strong focus on Polish, German, Spanish, and Scandinavian markets.
FrameLogic has 650 customers and over 25.000 equipped vehicles. The company focuses on two major target groups: transportation companies (including e.g.: Anhalt Logistics, Elflein, SCHERM Gruppe, Kim Johansen, LS Intertank, Kaj Madsen Fjelstrup, Kurt Beier, Transports Argelich, EPO Trans, MagTrans, etc.) and utilities enterprises (including e.g.: Tauron, PGE, KGHM, PKP PLK, etc.).

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