Thales to buy Tesserent for €107 mn in cash

Thales is set to acquire 100 percent stake in Tesserent for A$0.13 per share in cash valuing Tesserent’s equity at A$176 million (€107 million).
ThalesThe Tesserent business will continue to be known as Tesserent, and its visual identity will incorporate the “Cyber Solutions by Thales” tagline.

It will become the lead Cybersecurity offering of Thales Australia and New Zealand. It will accelerate the growth of cyber solutions operations for Thales customers in Australia and New Zealand, supported by the scale, balance sheet and know-how of the global Thales business.

Thales cybersecurity business generated sales of €1.5 billion in 2022.

Thales has acquired S21sec, Excellium and OneWelcome in Europe in 2022.