PARIS – France’s Thales mentioned on Tuesday it had struck a take care of Sonae Funding Administration to accumulate two European cybersecurity firms, S21sec and Excellium, for an enterprise worth of 120 million euros ($125.32 million)
Europe’s largest arms electronics supplier, which additionally makes civil plane elements and digital safety programs, added in a press release that these two firms collectively generated gross sales of 59 million euros in 2021 with a employees of 546 staff.
“The acquisition (…) is a crucial step ahead for Thales within the extremely dynamic marketplace for cybersecurity consulting and managed companies, which anticipates vital development between 2020 and 2025,” Thales mentioned within the assertion.
Thales, which employs 81,000 worldwide, mentioned it will rent 11,000 individuals this yr, together with 1,000 in cybersecurity.
($1 = 0.9576 euros)
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