Thales (Euronext Paris: HO) announces today the closing of the acquisition of US company Guavus, a pioneer in real-time Big Data analytics.
Headquartered in San Mateo, California, in the Silicon valley, the company employs 250 people, of which 60 are based in California, 50 in Montreal (Canada) and 140 in Gurgaon (India). Its revenues are expected to exceed US$30 million for the current fiscal year. The impact of this acquisition on Thales’s 2017 EBIT should be non-material. This business will be assigned to the Defence & Security operating segment.
Thanks to this acquisition, Thales strengthens its positioning in one of the key technologies at the heart of digital transformation of its customers.
“Thales is very excited that this acquisition has now closed and welcomes Guavus’s talents as part of its family. 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 all our customers, whether in aeronautics, space, rail signaling, defense or security.”
Patrice Caine, Thales’s Chairman and CEO