M&A Deal Summary

Swiss IT Security Acquires AV-TEST

On February 8, 2021, Swiss IT Security acquired information technology company AV-TEST

Acquisition Highlights
  • This is Swiss IT Security’s 2nd transaction in the Information Technology sector.
  • This is Swiss IT Security’s 1st transaction in Germany.

M&A Deal Summary

Date 2021-02-08
Target AV-TEST
Sector Information Technology
Buyer(s) Swiss IT Security
Deal Type Add-on Acquisition

Target

AV-TEST

Magdeburg, Germany
AV-TEST is a provider of services in the field of IT security and anti-virus research with a focus on the identification and analysis of the latest malware and its use in comprehensive comparative tests. AV-TEST was founded in 2004 and is based in Magdeburg, Germany.

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Buyer(S) 1

Buyer

Swiss IT Security

Wettingen, Switzerland

Category Company
Founded 2017
Sector Information Technology
Employees573
Revenue 127M CHF (2021)
DESCRIPTION

Swiss IT Security is a provider of IT security solutions and technologies. Swiss IT Security Group combines multiple IT-specialists in the D/A/CH region, increasing the customer value for 24/7 IT-security support services, managed security services as well as for consulting, planning, and implementation of IT-security architectures. Swiss IT Security was founded in 2017 and is based in Wettingen, Switzerland.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Germany M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-22 execure ag

Wettingen, Switzerland

execure ag is a provider of IT cybersecurity to clients from the insurance, pharma and retail sector. execure was formed in 2002 and is based in Wettingen.

Buy -