Submitted by Islam Soliman on October 14, 2022
Thales has strengthened its presence by finalising the acquisitions of two cybersecurity companies, S21sec and Excellium, from multinational company Sonae IM, a deal that was first disclosed in May.
Both S21sec and Excellium will leverage Thales’ Cyber Solutions business and international footprint to enrich the security firm’s offering and generate new growth opportunities.
Pierre-Yves Jolivet, VP Cyberdefense Solutions, Thales, said: "We intend to build on Excellium and S21sec’s history of innovation to add value to Thales' cyber solutions offering while ensuring Excellium and S21sec customers benefit from long-term continuity, enhanced service capabilities and high-performance solutions."
With more than €1bn in sales generated last year, Thales intends to hire 1,000 experts in cybersecurity this year to support its growth.