Orange Acquires Netherlands' SecureLink for EUR515 Million
08 Maggio 2019 - 8:24AM
Dow Jones News
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.
Write to Patrick Costello at patrick.costello@dowjones.com.
(END) Dow Jones Newswires
May 08, 2019 02:09 ET (06:09 GMT)
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