Thales announces that it has completed the acquisition - announced last June - of Tesserent, one of the largest cybersecurity companies in Australia and New Zealand, following shareholder and other regulatory approvals.
With sales of around €110 million in 2022 and around 500 employees across nine offices, Tesserent provides a comprehensive range of cybersecurity solutions and services to medium-sized and enterprise organizations.
With this acquisition and the forthcoming acquisition of Imperva, announced last July, Thales is taking its cybersecurity business to the next level, with more than €2.4 billion in cybersecurity sales expected by 2024.
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Thales is one of the European leaders in manufacturing and marketing of electronic equipment and systems for the defense and security, aerospace, and transportation sectors. Net sales break down by product group as follows:
- defense and security systems (53.4%): C4I defense and security systems (control and monitoring systems, communication, protection, cyber-security, and other systems), defense mission systems, naval systems, electronic war systems, drones, air operation systems (air defense, air surveillance), ground defense systems and missiles;
- aerospace systems (28.4%): avionics equipment (cockpit, cabin multimedia, and simulation equipment), space systems (satellites, payloads, etc.);
- digital identification and security solutions (18.2%).
Besides, the group owns a 35% stake in Naval Group (manufacture of naval equipment for defense and nuclear energy sectors).
Net sales are distributed geographically as follows: France (29.5%), the United Kingdom (6.6%), Europe (24.8%), the United States and Canada (14%), Asia (9.4%), Near and Middle East (6%), Australia and New Zealand (4.4%) and other (5.3%).