Orange SA to acquire 100% of SecureLink on EUR515M enterprise value basis
Orange entered into an agreement with Investcorp to acquire 100% of SecureLink on a EUR515M Enterprise Value basis. "With this acquisition, Orange becomes one of the European leaders of cybersecurity with c.1,800 employees, more than EURO$600m PF revenues in 2018 and strong positions in major local markets through its unique European DNA and a comprehensive cybersecurity services offering," Orange said. SecureLink's senior management will join the global leadership team and participate in building the operating model for the integrated combined organisation. The transaction is subject to customary closing conditions and is expected to complete in late Q2 or in Q3 2019.