Etisalat Group to acquire cybersecurity firm Help AG
Etisalat Group will acquire Help AG’s businesses in the UAE and Saudi Arabia
Etisalat Group has signed an agreement to acquire complete ownership of regional cybersecurity solutions provider Help AG’s operations in the UAE and Saudi Arabia.
In a statement posted on Abu Dhabi Securities Exchange, the UAE telecom provider said the acquisition is in line with its digital strategy as the company enhances and diversifies its digital portfolio. According to the company, the closing of the deal is still subject to fulfilling certain conditions and the value of the deal has not been disclosed.
With this deal, Etisalat aims to accelerate the growth of Etisalat’s existing cyber security activities and allow for further expansion across the region, the company said in a statement.