Finnish cybersecurity company F-Secure has signed an agreement to acquire all the outstanding shares of UK peer MWR InfoSecurity.
F-Secure said in a statement that the deal is significant for its growth strategy, as it aims to expand its services to the biggest markets globally. The company also noted that combination of man and machine an approach shared by MWR InfoSecurity uniquely positions it to support businesses to fight advanced attacks with its cybersecurity products and services.
The combined company will have hundreds of cybersecurity consultants, making F-Secure one of the few truly global technical security advisors positioned to help organizations fight today’s most sophisticated threats.
F-Secure is paying nearly 80 million pounds (91,6 million euros) in cash to purchase all outstanding shares in MWR InfoSecurity. The deal that is being funded with a five-year bank loan and the company's own cash reserves is expected to be completed by 2018.