M&A Deal Summary

Kudelski Group Acquires Conax AS

On March 26, 2014, Kudelski Group acquired technology hardware company Conax AS from Telenor for 200M CHF

Acquisition Highlights
  • This is Kudelski Group’s 1st transaction in the Technology Hardware sector.
  • This is Kudelski Group’s largest (disclosed) transaction.
  • This is Kudelski Group’s 1st transaction in Norway.

M&A Deal Summary
Date 2014-03-26
Target Conax AS
Sector Technology Hardware
Buyer(s) Kudelski Group
Sellers(s) Telenor
Deal Type Divestiture
Deal Value 200M CHF

Target

Conax AS

Oslo, Norway
Conax AS is a provider of content protection for digital TV services over broadcast, broadband and connected devices. Conax provides telcos, cable, satellite, IP, mobile and terrestrial operators with flexible and cost-effective solutions for the secure delivery of premium content, including its latest generation security platform.

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Buyer(S) 1

Buyer

Kudelski Group

Cheseaux-sur-Lausanne, Switzerland
Category Company
Founded 1951
Sector Information Technology
Employees1,803
Revenue 750M CHF (2023)
DESCRIPTION

Kudelski Group is a provider in digital security and convergent media solutions for the delivery of digital and interactive content. Its technologies are used in a wide range of services and applications requiring access control and rights management. Its three main activity sectors include integrated digital television, cyber security solutions and public access solutions. Kudelski was founded in 1951 and is based in Cheseaux-sur-Lausanne, Switzerland.

DEAL STATS #
Overall 5 of 9
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 2
Country (Norway) 1 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-16 Medialive S.A.

Montrouge, France

Medialive S.A. is a develops and licenses innovative and patented content protection and marking technologies for distribution over broadcast, internet, and mobile distribution networks and devices.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-19 NagraID Security SA

La Chaux-de-Fonds, Switzerland

NagraID Security SA is a develops and markets powered display cards to secure access to the cloud, primarily for companies operating in the field of financial payments, authentication and identification solutions, using one-time password (OTP) or dynamic card verification value (DCVV, the 3 or 4 digit security code printed on payment cards) technologies.

Sell -

Seller(S) 1

SELLER

Telenor

Fornebu, Norway
Category Company
Founded 1855
Sector Communications
Employees11,000
Revenue 80.5B NOK (2023)
DESCRIPTION

Telenor is a Norwegian multinational telecommunications company headquartered at Fornebu in Bærum, close to Oslo. It is one of the world's largest mobile telecommunications companies with operations in Scandinavia, Eastern Europe and Asia. Telenor was founded in 1855 and is based in Fornebu, Norway.

DEAL STATS #
Overall 2 of 11
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 2 of 11
Country (Norway) 1 of 4
Year (2014) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-29 Cosmo Bulgaria Mobile EAD

Sofia, Bulgaria

Cosmo Bulgaria Mobile EAD provides telecom services.

Buy €717M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 Tapad

New York, New York, United States

Tapad, Inc. provides cross-device data, digital linking, and distribution services. Tapad correlates data to connect brands to consumers globally across devices in a safe, privacy-first way via The Tapad Graph. Through innovation, a global roster of trusted data sources and methodologies, and strong customer relationships, we’re driving the industry toward realizing the full potential of digital advertising through identity resolution. Tapad was founded in 2010 and is based in New York City.

Buy $360M
Mergr

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