Home / M&A Activity / Thales to Acquire Alcatel-Lucent’s Cybersecurity, Comms Security Business; Jean-Bernard Lévy Comments

Thales to Acquire Alcatel-Lucent’s Cybersecurity, Comms Security Business; Jean-Bernard Lévy Comments

CybersecurityThales has agreed to acquire the cybersecurity and communications security business of Alcatel–Lucent in a move to jointly offer network security products and services.

Alcatel-Lucent will transfer its network security assets to Thales in order to grow its commercial proposition in cybersecurity, Thales said Thursday.

“This investment responds to the growing ambition of Thales in promising sectors of security, in order to offer solutions that ensure the integrity and resilience of its customers’ information systems , ” said Jean-Bernard Lévy, chairman and CEO of Thales.

Thales intends for the partnership to expand its cybersecurity business while Alcatel-Lucent wants to combine its telecommunication products with services from Thales.

The partnership is pending the definitive agreement between representative bodies.

Check Also

Army Engineers Pick Caddell for $144M Airmen Training Facility Construction Contract

Caddell Construction has won a potential two-year, $143.5M contract to help the U.S. Army Corps of …

Executive Mosaic Announces 2019 Wash100 Inductees

TYSONS, Va., Jan. 15, 2019 /PRNewswire/ — Executive Mosaic, the leading executive media and events company in …