Thales has confirmed that the company has reached an agreement with Thoma Bravo for the acquisition of US-based data and cyber security provider Imperva.
The acquisition, valued at US$3.6 billion, will see Thales acquire 100 per cent of the cyber company.
It is hoped that the acquisition will enhance Thales’ cyber security offering, growing its data security services and enabling the global contractor to enter the application security market.
Following the acquisition, it is projected that Thales’ cyber security business will generate over €2.4 billion in revenues.
The acquisition will not have an impact on the group’s existing dividend policy or ongoing share buyback scheme, a Thales announcement confirmed.
The agreement is expected to be completed by the beginning of 2025, subject to anti-trust and regulatory approvals.
Imperva has over 1,400 employees and monitors threats in 180 countries. It is projected that the acquisition will add some $500 million in revenue for Thales.
The announcement is the latest cyber acquisition for Thales.