French company Thales to buy US Imperva in deal worth $3.6 billion

PARIS (Reuters) -French defence electronics and cybersecurity company Thales said on Tuesday it had agreed to buy U.S. cybersecurity company Imperva in a deal worth $3.6 billion on an enterprise value basis.

Thales, which will be buying Imperva from software investor company Thoma Bravo, said the acquisition would result in a boost to its earnings and would add around $500 million of revenues.

“The acquisition of Imperva marks a major milestone in Thales’ cybersecurity strategy,” said Thales Chief Executive and Chairman Patrice Caine.

Thales estimated that buying Imperva would generate around $110 million of pre-tax run-rate synergies, including $50 million of cost synergies and $60 million linked to revenue synergies.