Thales finalised the acquisition of Tesserent, one of Australia's largest cybersecurity companies, on 4th October, following Tesserent shareholders’ approval of the implementation of the binding scheme and other required regulatory approvals.
Thales announced its proposed acquisition of Tesserent in June this year.
With a 2022 turnover of $185 million and approximately 500 employees across 9 offices, Tesserent provides a suite of cybersecurity solutions and services to medium and enterprise-level organisations in Australia.
“The marriage of Thales and Tesserent creates a sovereign cyber security provider like no other because it links Thales as a trusted partner with Government with Tesserent’s outstanding capability in cyber, especially in the defence, security and critical infrastructure sectors," said Jeff Connolly, CEO of Thales Australia and New Zealand.
"We will be very well positioned to help Government achieve its ambition of Australia being one of the most cyber-secure countries by 2030.”