Leonardo is bolstering its position in the cyber security sector through the acquisition of 100% of Swedish company Axiomatics AB, according to an official statement that confirms earlier reports from a source and an advance by MF.
"The transaction expands Leonardo's offering with a key component for a comprehensive Zero Trust approach—the cyber security model in which trust is never implicit and every access to systems, networks, and data must be continuously verified," the statement reads.
This marks Leonardo's third industrial collaboration and M&A operation in the cyber security sector within just a few months, in line with the company's industrial plan.
The completion of the acquisition of 100% of Axiomatics AB will be subject to approval by certain authorities, including those in Sweden. Leonardo was advised by PwC for this transaction.
(Reporting by Francesca Piscioneri, editing by Claudia Cristoferi)
