News
Thales closes deal on Tesserent, strengthening its global cybersecurity business
October 2023 by Marc Jacob
Thales has finalised the acquisition of Tesserent, one of Australia and New Zealand’s largest cybersecurity companies, following Tesserent shareholders’ approval of the implementation of the binding Scheme and other required regulatory approvals. In a significant win for Australia’s sovereign cyber capability, this acquisition also reflects Thales’s tremendous growth in its international cyber footprint, one of its most dynamic areas of development.
Thales announced its proposed acquisition of Tesserent in June this year. With a 2022 turnover of A$185 million (circa €110 million) and 500 employees across 9 offices, Tesserent is a leading player in cybersecurity in Australia, providing a full suite of cybersecurity solutions and services to medium and enterprise-level organisations.
The combination of Thales and Tesserent in Australia and New Zealand will significantly strengthen the critical sovereign cyber capabilities for some of Australia and New Zealand’s most sensitive defence programs and critical infrastructure operators, whilst also contributing to the global strengthening of Thales in the cybersecurity sector.
