NEUILLY-SUR-SEINE (dpa-AFX) - Thales (THLEF.PK), a French technology major, said on Tuesday that it has reached a deal with software investor, Thoma Bravo, to buy data and cyber-security firm, Imperva, for $3.6 billion.
Patrice Caine, CEO of Thales, said: '.With this acquisition, we are seizing a unique opportunity to accelerate our cybersecurity capabilities and are taking an important step towards our ambition to build a world-class global cybersecurity integrated player, providing a comprehensive portfolio of products and services.'
The transaction, expected to be closed by the beginning of 2024, will help Thales to record a significant medium-term adjusted earnings per share accretion.
With this, the Group will add around $500 million of revenue and significantly expand its data and application security offering.
In the coming years, the acquirer estimates that the combination will generate circa $110 million of pre-tax run-rate synergies, including $50 million of cost synergies, and $60 million linked to revenue synergies.
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