Sabanci, an industrial and financial juggernaut, has entered into an agreement to snap up a majority stake in OT CyberTech Radiflow in a $45m deal.
Founded in 2009, Radiflow provides cybersecurity solutions for critical infrastructure networks. This includes risk management, visibility and anomaly detection, as well as secure access products.
According to Security Week, Sabanci will initially buy a 51% stake in Radiflow for $45m, before fully acquiring the business in 2025. The acquisition will be made through Dx Technology Services and Investment BV..
Radiflow CEO Ilan Barda said, “This acquisition will allow us to enhance our portfolio and strengthen our positioning in critical industries.
“We believe that the next phase in OT Risk Management is based on industry benchmarks and our collaboration with the Sabanci group subsidiaries will provide us in-depth insights to various industrial sectors and will enable us to continue and provide our customers leading-edge solutions.”
Barda also mentioned that the deal with Sabanci will not impact day-to-day operations and interactions with partners and customers.
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