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Announced

Completed

F-Secure completed the acquisition of the consumer mobile security business of Lookout for $223m.

Financials

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Transaction Value£179m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales5.8x
EV/EBITDA15.71x
Share Price Premium-
One Off Charge-

Tags

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Digital Services

cloud security

Acquisition

Cross Border

Friendly

Single Bidder

United States

Majority

Private

Completed

Synopsis

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F-Secure, a provider of consumer security products and services, completed the acquisition of the consumer mobile security business of Lookout, an endpoint-to-cloud security company, for $223m. “We are pleased to announce the successful divestiture of our mobile consumer security business, which represents a significant milestone in our strategic transformation to become a pure-play enterprise cybersecurity company. With this refined focus, we will continue to drive innovation, invest in the development of cutting-edge solutions and drive greater value for our customers,” Jim Dolce, Lookout CEO.

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