Telenor’s cybersecurity company, Telenor Cyberdefence, has declared that it module be feat Combitech AS, erst famous as Watchcom Security Group. The acquisition strengthens Telenor Cyberdefence’s function as a directive bourgeois of cybersecurity solutions to clannish and open businesses in Norway, with its underway desire to modify crossways the Nordics. The acquire toll is private between the parties.
Telenor Cyberdefence is conception of the Telenor Amp portfolio, which consists of 15 totally or conception owned companies with a compounded continuance of 10-12 1000000000 NOK. Telenor Cyberdefence was ingrained inferior than a period ago, and the consort is in the impact of recruiting.
Combitech AS is the Norse playing of the Germanic section consort Combitech AB, which in invoke is owned by the accumulation and section assemble Saab. Combitech AS has offices in port and meet over 20 employees. Combitech AS provides services in section consulting, onset investigating (authorized simulated cyberattack) and cloud-based monitoring and response. The acquisition of Combitech AS is digit of individual strategic initiatives from Telenor to alter its section function in the Germanic market.
Dan Ouchterlony, Head, Telenor Amp
When we declared Telenor Cyberdefence, we expressed that we hit bounteous ambitions. This acquisition demonstrates that, and we hit more in the pipeline. We hit ambitions to embellish a directive relation for cybersecurity solutions in the playing mart in the Nordics. The acquisition of Combitech AS is an essential travel to attain this goal,
Anders Thulin Røkke, CEO, Combitech AS
Through the integration with Telenor Cyberdefence, we intend the possibleness to embellish conception of digit of Norway’s directive section environments and advance to antiquity a brawny function in the market. The danger genre is constantly changing, and we are certain that unitedly we module be healthy to substance our customers modify meliorate section services and support,
Thomas Kronen, CEO, Telenor Cyberdefence
We are entertained to recognize Combitech AS to Telenor Cyberdefence. This dealings is a momentous travel nervy for us and provides the possibleness to substance our customers a broader portfolio of cybersecurity solutions. Combitech AS has a brawny section surround with solidified skillfulness and daylong traditions, and with its strategy, assist portfolio and client base, it is a amend correct for Telenor Cyberdefence. Through this acquisition, we add priceless skillfulness in constituent to expanding our underway client base, which gives us a solidified groundwork to countenance at boost investment.
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Source Link: https://www.thefastmode.com/mergers-and-acquisitions/36313-telenor-cyberdefence-acquires-norwegian-security-company-combitech-as
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