9/1/2023 0 Comments Fs secureWith a complementary software product portfolio and strong competence in developing mobile products, Lookout consumer BU is a perfect fit for F-Secure. The acquisition of Lookout consumer BU is a significant step in developing our business in the United States. “In line with F-Secure strategy, we are seeking growth both organically and through acquisitions. Timo Laaksonen, President and CEO of F-Secure: The acquisition is strongly in line with F-Secure vision to become the #1 consumer security experience company. Its mobile optimized product portfolio and geographic presence will complement and enhance the overall global offering of F-Secure. Lookout’s mobile consumer security business unit, operating under the Lookout Life brand, develops and markets the leading consumer focused mobile security platform with complementary product offering and partner-led go-to-market strategy, similar to F-Secure. The acquisition is also a significant step in expanding F-Secure business with 1st tier Communication Service Providers (“ CSPs”) and will further strengthen F-Secure leadership position in the global CSP segment. The acquisition of Lookout consumer BU will nearly triple F-Secure market presence in the United States and expand its diverse range of consumer security products. Assuming constant currencies.į-Secure Corporation (“ F-Secure”) has on 26 April 2023 signed an agreement to acquire the mobile consumer security business unit (“ Lookout consumer BU”) from Lookout Inc. Converted to EUR using the 25 April 2023 exchange rate of EUR/USD 1.1022. F-Secure to host a conference call in connection with the Q1 2023 Interim Report today at 10:00 a.m.Transaction is projected to be significantly accretive to EPS (adjusted for items affecting comparability and purchase price allocation related amortization) from inception and by more than 15% in 2024.Transaction expected to deliver at least EUR 12 million of revenue synergies and incremental EBITA level synergies of EUR 10 million per annum in 2027.Combined company to have illustrative combined revenue of EUR 146.9 million and EUR 57.4 million in adjusted EBITA in 2022.EUR 202 million ), representing a multiple of 15.7x EBITA FY 01/2023 and 9.0x EBITA FY 01/2023 including full impact of expected annual synergies in 2027. Enterprise value of USD 223 million (approx. Combined company to have significantly increased scale, strengthened footprint in the US and in the communication service provider channel as well as a complementary mobile optimized software product portfolio reaching tens of millions of subscribers worldwide.F-Secure to acquire the mobile consumer security business unit from Lookout Inc.and updates its medium-term financial targets Inside information: F-Secure to acquire the mobile consumer security business of Lookout Inc.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |