Telenor Cyberdefence has announced the acquisition of Combitech AS. Financial details were not disclosed.
The acquisition strengthens Telenor Cyberdefence’s position as a leading provider of cybersecurity solutions to businesses in Norway. Telenor Cyberdefence aims to expand its presence across the Nordics.
“When we announced Telenor Cyberdefence, we stated that we have big ambitions. This acquisition demonstrates that, and we have more in the pipeline,” says Dan Ouchterlony, Head of Telenor Amp.
Telenor Cyberdefence is part of the Telenor Amp portfolio, which consists of 15 wholly or partially owned companies with a combined value of 10-12 billion NOK.
Combitech AS is the Norwegian business of the Swedish security company Combitech AB, which in turn is owned by the defence and security group Saab. Combitech AS has offices in Oslo and just over 20 employees.
“This transaction is a significant step forward for us and provides the opportunity to offer our customers a broader portfolio of cybersecurity solutions,” says Thomas Kronen, CEO of Telenor Cyberdefence.
Combitech provides services in security consulting, penetration testing and cloud-based monitoring and response. The company’s security experts will contribute expertise to Telenor Cyberdefence and work closely with Telenor Norway’s business division.
Anders Thulin Rokke, CEO of Combitech AS, will become Chief Operating Officer (COO) of Telenor Cyberdefence.
The acquisition of Combitech is part of the strategic initiatives from Telenor to strengthen its security business in the Nordic market. Telenor Cyberdefence, established less than a month ago, is in the process of recruiting.