Helsinki-based cyber security services company Nixu will be entirely acquired by DNV, a worldwide risk management and quality assurance provider, after a public tender offer that resulted in DNV buying more than 93% of Nixu’s shares.
Following a procedure to buy the remaining shares in Nixu and delist the firm from the Nasdaq Helsinki Stock Exchange, DNV will consolidate its cyber security operations with Nixu.
The US$107 million agreement will establish one of Europe’s cyber security services companies with the quickest rate of growth.
In addition to securing challenging IT and industrial control system settings, DNV and Nixu will work together to strengthen company resilience across a variety of sectors, including the energy and marine industries, telecommunications, and financial services.
To handle cyber threats, a team of more than 500 cyber security specialists will offer a range of consulting and managed services. Additionally, the two companies will also combine their cyber security certification businesses.
With centres in Norway, Finland, Sweden, Denmark, the Netherlands, Germany, and Romania, the merged company will run operations across Europe with an emphasis on quick organic expansion and additional worldwide strategic alliances and acquisitions.
