Thales is set to acquire U.S.-based Guavus, a company specializing in real-time big data analytics, Thales said. This is one of several acquisitions Thales has pursued in the fields of connectivity, mobility and cybersecurity. The acquisition is worth up to $215 million.
“Combined with our established expertise in other key digital technologies, the acquisition of Guavus represents a tremendous accelerator of our digital strategy for the benefit of our customers,” said Patrice Caine, Thales’ Chairman and CEO. “The application to Thales’s core businesses of Guavus' technologies and expertise in big data analytics will strengthen our ability to support the digital transformation of our customers, whether in aeronautics, space, rail signaling, defense or security.”
Guavus, founded in 2006, has catered to the telecommunication and cable network operators’ market. The company analyzes more than five petabytes of data every day. Some companies it supports include AT&T, Sprint and Verizon.
Thales said the acquisition’s impact on its 2017 earnings before interest and taxes “should be non-material.” The deal is expected to close during the third quarter of this year.