Sonaecom has announced that it has concluded, via its subsidiary Sonae Investment Management (Sonae IM), an agreement with Thales Europe to sell all the share capital and voting rights of Maxive – Cybersecurity to this company. The information was communicated on Tuesday to the Financial Markets Commission (CMVM).
“The transaction has a target enterprise value of €120 million and is expected to have a positive impact on Sonaecom’s consolidated results of approximately €63 million,” the statement read. “These amounts may vary depending on the effective date of the transaction and the respective financial performance of Maxive and its subsidiaries up to that date”, it is explained.
Maxive is the holding company that controls two cybersecurity companies, S21sec and Excelliumm. In a press release on this acquisition, S21sec comments that with this acquisition, it will be able to “expand its European presence”, noting that the transaction “represents an opportunity for S21sec to continue its history of innovation and leadership in cybersecurity. within an organization entirely dedicated to digital and technological innovation, connectivity, big data, artificial intelligence cybersecurity, quantum technology and defence”.
“We are very happy to start this new era at S21sec within the Thales group, as we believe that this operation will allow us to develop the skills, know-how, experience and services of S21sec on a global scale” , says Agustin Muñoz-Grandes, CEO of S21sec, quoted in a press release. “S21sec customers will benefit from the additional and complementary capabilities that Thales has already developed within its cybersecurity division, always focusing on critical businesses and public organizations.”
“The acquisition of Maxive Cybersecurity solidifies our cybersecurity leadership in today’s ever-expanding cyber threat landscape. We are delighted to welcome Maxive Cybersecurity’s teams and further strengthen our global cybersecurity capabilities capable of delivering solutions offering ever-increasing performance to our customers,” adds Philippe Keryer, Executive Vice President, Strategy, Research and Technology at Thales.
“As the company’s majority shareholder, we have helped S21sec achieve more than triple its annual revenue, thanks to its history of innovation and expertise, helping it to become one of the leading MSSP companies in Europe,” says Carlos Alberto Silva, Managing Partner at Sonae Investment Management. “The acquisition of Maxive Cybersecurity by Thales is the perfect culmination for S21sec as a company, as it integrates Thales’s cybersecurity capabilities, while continuing to offer its customers long-term service with enhanced capabilities. across its entire portfolio. adds Simon Church, CEO of Maxive Cybersecurity.
Thales has 10,000 software programmers and 5,000 information technology and cybersecurity engineers in 60 countries. Maxive Cybersecurity’s 546 professionals, located in Portugal, Spain, Luxembourg and Belgium, will be integrated with Thales’s more than 2,000 cybersecurity employees.
The press release sent to CMVM specifies that the completion of the transaction is subject to the verification of the usual conditions of such an agreement, including regulatory approval, which is expected to take place until November 30, 2022.