Orange to acquire SecureLink for €515m
Orange has entered into a definitive agreement with Investcorp to acquire 100% of SecureLink for €515 million based on its enterprise value.
Located in the Netherlands, SecureLink is one of the largest independent cybersecurity service providers in Europe with additional on-the-ground presence in Sweden, Belgium, the Netherlands, UK, German, Denmark and Norway. The company offers security consulting, security maintenance and support with 24/7 service desks (SOCs) as well as advanced managed detection and response capabilities (MDR).
Once completed, the deal will make Orange one of the European leaders of cybersecurity with close to 1,800 employees, more than €600 million PF revenues in 2018 and strong positions in major local markets.
“Cybersecurity is a growing priority for companies of all sizes, and we believe the two most important success factors are scale and proximity. Scale because today's threats are global, complex, and require matching protection capabilities. Proximity because in the global IT world, you want a trusted local partner to secure your most strategic assets. With the acquisition of SecureData and SecureLink, Orange has the highest scale to anticipate and fend off attacks, as well as local defence teams in all the main European markets, positioning the combined organisation as the go-to defence specialist,” said Hugues Foulon (pictured), executive director of Cybersecurity at Orange. “I am looking forward to building the integrated organisation with Michel [Van Den Berghe, CEO of Orange Cyberdefense], Thomas Fetten and all the teams.”
The SecureLink senior management team will stay on and join the global leadership team working on the operating model for the combined organisation.
“We have been very impressed by the ambition and successful development of Orange Cyberdefense over the past few years, and are very excited to build a pan-European leader of cybersecurity together, added Thomas Fetten, chief executive officer at SecureLink. “Orange Cyberdefense, SecureData and SecureLink are highly complementary and share a common vision for the sector, and the combined organisation will be in a phenomenal position to address the needs of our customers, partners and employees.”
The deal is expected to close late Q2 or Q3 of 2019 subject to the usual closing conditions.