Swiss firm Clearswift is acquiring British cybersecurity specialist RUAG in a bid to expand its business in the sector. The Clearswift Defence division said in September that it planned to invest multiple millions of Swiss francs in its cybersecurity business unit over the coming years. Dietmar Thelen, a cybersecurity expert, will head up the new unit from 1 January. The purchase price has been kept confidential and the deal is still subject to regulatory approval, with a decision expected in Q1 of next year.
Swiss firm RUAG is acquiring British cybersecurity specialist Clearswift in a bid to expand its business in the sector. The RUAG Defence division said in September that it planned to invest multiple millions of Swiss francs in its cybersecurity business unit over the coming years. Dietmar Thelen, a cybersecurity expert, will head up the new unit from 1 January. The purchase price has been kept confidential and the deal is still subject to regulatory approval, with a decision expected in Q1 of next year.