BAE Expands Cyber-Security Range with the Acquisition of ETI

1716

BAE Systems is strengthening its cyber and intelligence services activities by acquiring the Danish cyber intelligence company ETI A/S. BAE will pay DKK 1.2 billion (approximately US$211 million) for the acquisition.

ETI provides diagnostic and data analysis products supporting Law Enforcement Agencies in data-crime investigations. According to BAE Systems’ Chief Executive BAE Systems Ian King, “The combination of Detica and ETI will create a strong competitor well positioned to offer customers an extensive range of cyber and intelligence services. BAE has acquired Britain’s intelligence systems specialist Detica in 2008 and has recently announced agreements to acquire L1 Identity Solutions, Inc’s Intelligence Services Group in the US and stratsec.net in Australia. ETI generated sales of DKK 347 million ($61 million) in the year ending June 2010. The company has 260 employees. With Headquarters in Denmark the company has operations in the UK, US, and the Asia and the Middle East.