Patria strengthens its cyber business area by acquiring a product and business related to open source data collection from WithSecure
Patria acquires an open source data collection product and business related to its cyber business area from WithSecure. As a result of the transaction, Patria will open an office in Oulu and 10 WithSecure experts currently working in the business area will join the company. The parties do not disclose the value of the acquisition.
Patria plans to continue developing the acquired product as part of its Battlefield and critical systems offering. Its product range includes Patria CRAWLR, a system designed for collecting and analysing open-source data.
"Implementation of Patria's growth strategy requires significant investment in product development, know-how and services. What Patria offers in its cyber business solutions and services is constantly being developed. Operational reliability and information security in all conditions are particularly essential when developing intelligence, monitoring and command systems to security-critical customers," says Jussi Järvinen, Executive Vice President of Patria’s Finland Division.
"Oulu, on the other hand, has a significant concentration of the defense industry and the necessary engineering expertise. Expanding to Oulu also offers an opportunity for a wider talent base for Patria's current and future needs, where Patria has already been present through its group's subsidiary Senop," Järvinen continues.
Patria does a lot of research and product development in cyber technologies related to warfare. Patria's specialty is the systems that safety-critical authorities need to organize operational activities.
The acquisition has received the approval of the Finnish Ministry of Employment and the Economy (TEM). The transaction will not affect current customer commitments, employment relationships or other commitments in the business area. The business will be transferred to Patria on 1 October, 2024.
Media enquiries and further information:
Sirje Ahvenlampi-Hyvönen, Vice President, Group Communications, Patria, tel. +358 50 557 3822, sirje.ahvenlampi-hyvonen@patriagroup.com
Jussi Järvinen, Executive Vice President, Finland Division, Patria, tel. +358 40 869 6625, jussi.jarvinen@patriagroup.com
Patria is an international provider of defence, security and aviation life cycle support services, technology solutions and pilot training. Patria provides its aerospace and military customers with equipment availability, continuous performance development as well as selected intelligence, surveillance and management system products and services. Patria’s mission is to give its customers confidence in all conditions, and the vision is to be the #1 partner for critical operations on land, sea and air. Patria has several locations including Finland, Sweden, Norway, Belgium, the Netherlands, Estonia, Latvia and Spain. Patria employs over 3,000 professionals. Patria is owned by the State of Finland (50.1%) and Norwegian Kongsberg Defence & Aerospace AS (49.9%). Patria owns 50% of Nammo, and together these three companies form a leading Nordic defence partnership.
www.patriagroup.com