Leonardo has acquired a 24.55% stake in Finnish cybersecurity firm SSH Communications Security Corporation for €20 million, enhancing its cybersecurity capabilities and leadership in the European market.

Target Information

Leonardo has acquired a 24.55% stake in SSH Communications Security Corporation, a Finnish cybersecurity company, for a total of €20 million. This acquisition is a strategic move for Leonardo to enhance its cybersecurity product portfolio while expanding its international presence. By acquiring a significant share in SSH, Leonardo aims to strengthen its leadership position in Trusted Cyber Security, which emphasizes the necessity of verifying trust rather than taking it for granted.

SSH Communications Security Corporation is renowned for its innovative Secure Shell (SSH) protocol, which is a standard for secure network communications. The company specializes in hybrid cloud environment security and IT/OT infrastructure protection, with advanced proprietary quantum-safe encryption solutions. SSH is a recognized leader in Privileged Access Management (PAM), providing secure and dynamic access to critical systems, cloud environments, and sensitive devices. Additionally, its WAN encryption solutions are certified for governmental and military applications, designed to secure data traffic between remote sites and critical communication channels.

Industry Overview

The cybersecurity sector in Finland has been witnessing significant growth, driven by increasing threats and the evolving landscape of digital security. As organizations globally face a surge in cyber-att