(Teleborsa) – The acquisition of Defense Tech from Tinextathrough the exercise of the call option and then the mandatory takeover bid, marks “a further step in the cybersecurity market in Italy with an important strategic player”, as well as “entry into the national cybersecurity perimeter and preferential access to the Public Administration market”. This was stated Josef MastragostinoChief Investor Relations Officer of Tinexta, in the call with the financial community to explain today’s announcement.
“The M&A operation increases the development of the group, strengthening margins in the Cybersecurity Business Unit – he added – And it is an important dimensional lever for the expansion of the business model, of the proprietary dual-use technology, and of the joint network for the increase in sales and synergies of the group”.
The CFO Oddone Pozzi he said he didn’t see “any big problem in getting permission Golden Power“, while he postponed it until a later time to find out the price of the tender offer. “We will follow all the necessary steps and the regulations of the Stock Exchange, with the board meeting later to establish the price of the takeover bid“.
The CEO Pier Andrea Chevallard spoke of a strategic deal, with the cybersecurity sector remaining “interesting and promising”https://www.teleborsa.it/News/2024/06/21/.”The operation will increase our presence in the national sector and we will become a key industrial player in cybersecurity,” he explained, adding that “the deal is even more attractive when you consider the valuation to whom we are doing it.”
(Photo: © Veerasak Piyawatanakul)
