Airbus Defence and Space has announced plans to purchase German cybersecurity company Infodas to boost its cybersecurity services in the European and global markets. The rapid rise in cyberthreats coupled with increased digitalization and connectivity have made cybersecurity pivotal to the company’s future growth, the company said.
In a separate statement, the shareholders of Cologne-based infodas cited the cybersecurity expertise that the two companies are combining to meet clients’ evolving needs. Established in 1974 with annual revenues of $54 million, Infodas has about 250 employees and operates in Berlin, Bonn, Hamburg, Munich and Mainz.
Airbus stressed that it continuously cultivates cybersecurity capabilities and expertise to optimize the protection of its products, services and ecosystems, including such programs as the Future Combat Air System.
Subject to regulatory approvals, the infodas acquisition is expected to be completed before the end of 2024.
Earlier in January, the French IT company Atos was reported discussing with Airbus the potential sale of its data and cybersecurity business BDS for $1.97 billion. An Airbus statement on March 19, however, announced the termination of the acquisition talks.