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2 meses : De Abr 2019 a Jun 2019
By Patrick Costello
Orange (ORA.FR) said late Tuesday that it acquired a 100% stake in the cybersecurity-service provider SecureLink for 515 million euros ($576.5 million) on an enterprise value basis as part its strategy to strengthen its position in the cybersecurity industry.
The transaction establishes Orange as a leader in the European cybersecurity industry with an on-the-ground presence in 8 European countries and roughly 1,800 employees, the French telecommunications company said.
Orange is already a leading player in the French cybersecurity market via its Orange Cyberdefense unit, it said. The company acquired the U.K.-based provider SecureData for around $156 million in January to boost its reach in the industry.
The Netherlands-based SecureLink generated EUR248 million in revenue in 2018 and is one of the largest independent cybersecurity-services providers in Europe, Orange said.
The transaction is expected to be completed late in the second quarter or in the third quarter of 2019, the company said.
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(END) Dow Jones Newswires
May 08, 2019 02:09 ET (06:09 GMT)
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