24th Nov 2015 09:06
LONDON (Alliance News) - NCC Group PLC on Tuesday said it has struck a EUR133.3 million deal to acquire Fox-IT Holding BV in the Netherlands and will launch a large placing and open offer to cover the deal.
NCC, which provides escrow, verification, security consulting, website performance, software testing and domain services, said Fox-IT, based in Delft, provides high-end cyber security services, including products, managed services, threat intelligence, forensics and incident response.
The deal will boost NCC's position in the cyber security market and will expand its contextual security analysis, advanced threat intelligence and online fraud detection capabilities.
NCC will cover the consideration for the deal by raising GBP126.3 million through a firm placing and open offer at 275.00 pence per share. NCC shares were down 2.6% to 278.79p on Tuesday morning.
"This is a unique opportunity to acquire a leading, substantial European cyber security business that focusses on security analysis and threat intelligence; at a time that organisations globally are only now beginning to appreciate that they need to be proactive, not reactive, in dealing with cyber security," said Rob Cotton, NCC chief executive.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Ncc