Thales has sealed the deal on its acquisition of Tesserent, cementing its position in the global cybersecurity market.

Tesserent is among the largest cybersecurity companies in Australia and New Zealand.

With this move, Thales enhances its cybersecurity business with anticipated revenues of more than €2.4 billion expected by 2024.

Thales is a French multinational company, specializing in various fields including aerospace, defense, security and transportation services.