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AddSecure-owned Vehco appoints new CEO to strengthen operations and continue European expansion

Johan Frilund will assume the role as new CEO at Vehco on March 1, with main focus to position Vehco in the new connected ecosystem that emerges within the Transport and Logistics industry.

AddSecure-owned Fleet Management Systems provider Vehco, today announced that Johan Frilund has been appointed Chief Executive Officer effective March 1. Frilund has over 20 years of experience in the transport industry, including Board, CEO and Senior Management positions with among other Viscando Traffic Systems, Sensys Gatso Group, Cap Gemini and Kapsch TrafficCom.

When AddSecure stepped in as new owners in May 2018, Vehco attained the financial strength to
become the largest provider of systems for Fleet Management in Europe to heavy commercial vehicles (HCV). Since then Vehco has completed two acquisitions, Dutch Groeneveld ICT (recently re-branded Vehco) and Finnish Paetronics Oy, and further acquisitions are in the plan.

“Although Vehco has a strong position, it is important for us to take the next step in developing the company and accelerate growth; Johan is the right CEO to lead Vehco through this transformative period. Not only does he have extensive industry experience, he also brings a proven track record of leading larger corporations and increasing growth. I am confident Johan will move the company forward with the speed required to capitalize on the opportunities in front of us.”, said Stefan Albertsson, CEO of AddSecure.

On being appointed Johan Frilund stated: “I am thrilled to have been offered the opportunity to lead Vehco at such an important time in its development. I see my mission as consolidating the European FMS market and positioning Vehco in the new connected ecosystem that emerges within Transport and Logistics. The digital transformation with IoT, big data and predictive analytics holds the potential to radical changes in our industry. With Vehco’s smart and secure IoT solutions and data analytics capabilities we are well positioned to not only stay at the forefront of this change, but to continue to innovate and lead the market.”

Johan Frilund will be part of the AddSecure Management Team and report to CEO Stefan Albertsson.

For more information, please contact:

Johan Stråkander, Marketing Manager, Vehco AB, tel. +46 (0) 31 64 51 23, johan.strakander@vehco.com

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

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