Investing
French company Thales to buy US Imperva in deal worth $3.6 billion
© Reuters. FILE PHOTO: The logo of Thales Group is seen during a visit at the Thales radar factory in Limours, France, February 1, 2023. REUTERS/Gonzalo Fuentes
PARIS (Reuters) -French defence electronics and cybersecurity company Thales said on Tuesday it had agreed to buy U.S. cybersecurity company Imperva in a deal worth $3.6 billion on an enterprise value basis.
Thales, which will be buying Imperva from software investor company Thoma Bravo, said the acquisition would result in a boost to its earnings and would add around $500 million of revenues.
“The acquisition of Imperva marks a major milestone in Thales’ cybersecurity strategy,” said Thales Chief Executive and Chairman Patrice Caine.
Thales estimated that buying Imperva would generate around $110 million of pre-tax run-rate synergies, including $50 million of cost synergies and $60 million linked to revenue synergies.
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