Thales announces that it has signed a binding memorandum of understanding to acquire 100% of the Australian group Tesserent Ltd, at a price valuing its equity at 176 million Australian dollars, or around 107 million euros.

This combination will create an experienced provider of cybersecurity services in high demand in Australia and New Zealand, at a time when the market is expecting double-digit growth between now and 2026", emphasizes the French group.

The acquisition has been unanimously approved by the members of Tesserent's Board of Directors, and remains subject to shareholder approval and certain other customary conditions. Completion is expected in the second half of 2023.

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