GlobeNewswire by notified

Combitech AS Becomes Part of Telenor Cyberdefence

Share

(Fornebu, July 5, 2024):In June, Telenor established the cybersecurity company Telenor Cyberdefence. Now, Telenor Cyberdefence is acquiring Combitech AS (formerly Watchcom Security Group), which will become part of Telenor's new cybersecurity company.

The acquisition strengthens Telenor Cyberdefence's position as a leading provider of cybersecurity solutions to private and public businesses in Norway, with the ambition to expand across the Nordics. The purchase price is confidential between the parties.

"When we announced Telenor Cyberdefence, we stated that we have big ambitions. This acquisition demonstrates that, and we have more in the pipeline," says Dan Ouchterlony, Head of Telenor Amp.

Telenor Cyberdefence is part of the Telenor Amp portfolio, which consists of 15 wholly or partially owned companies with a combined value of 10-12 billion NOK.

A Perfect Match
Combitech AS is the Norwegian business of the Swedish security company Combitech AB, which in turn is owned by the defence and security group Saab. Combitech AS has offices in Oslo and just over 20 employees.

"We are pleased to welcome Combitech AS to Telenor Cyberdefence. This transaction is a significant step forward for us and provides the opportunity to offer our customers a broader portfolio of cybersecurity solutions," says Thomas Kronen, CEO of Telenor Cyberdefence, adding:

"Combitech AS has a strong security environment with solid expertise and long traditions, and with its strategy, service portfolio and customer base, it is a perfect match for Telenor Cyberdefence. Through this acquisition, we add valuable expertise in addition to expanding our current customer base, which gives us a solid foundation to look at further investment."

Combitech AS provides services in security consulting, penetration testing (authorized simulated cyberattack) and cloud-based monitoring and response. The company's experienced security experts will contribute valuable knowledge and expertise to Telenor Cyberdefence and work closely with Telenor Norway's business division.

"Through the merger with Telenor Cyberdefence, we get the opportunity to become part of one of Norway's leading security environments and contribute to building a strong position in the market. The threat landscape is constantly changing, and we are convinced that together we will be able to offer our customers even better security services and support," says Anders Thulin Røkke, CEO of Combitech AS.

Thulin Røkke will become Chief Operating Officer (COO) of Telenor Cyberdefence.

Building Up Speed
The acquisition of Combitech AS is one of several strategic initiatives from Telenor to strengthen its security position in the Nordic market. Telenor Cyberdefence was established less than a month ago, and the company is in the process of recruiting.

"We have ambitions to become a leading partner for cybersecurity solutions in the business market in the Nordics. The acquisition of Combitech AS is an important step to achieve this goal," says Dan Ouchterlony.

Media contact: 

Thomas Midteide, SVP Communications, Telenor Group

+ 47 962 320 17 | thomas.midteide@telenor.com

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Iveco Group signs a 150 million euro term loan facility with Cassa Depositi e Prestiti to support investments in research, development and innovation11.6.2024 12:00:00 CEST | Press release

Turin, 11th June 2024. Iveco Group N.V. (EXM: IVG), a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain and related Financial Services arenas, has successfully signed a term loan facility of 150 million euros with Cassa Depositi e Prestiti (CDP), for the creation of new projects in Italy dedicated to research, development and innovation. In detail, through the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and further develop solutions for autonomous driving, digitalisation and vehicle connectivity aimed at increasing efficiency, safety, driving comfort and productivity. The financed investments, which will have a 5-year amortising profile, will be made by Iveco Group in Italy by the end of 2025. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a

DSV, 1115 - SHARE BUYBACK IN DSV A/S11.6.2024 11:22:17 CEST | Press release

Company Announcement No. 1115 On 24 April 2024, we initiated a share buyback programme, as described in Company Announcement No. 1104. According to the programme, the company will in the period from 24 April 2024 until 23 July 2024 purchase own shares up to a maximum value of DKK 1,000 million, and no more than 1,700,000 shares, corresponding to 0.79% of the share capital at commencement of the programme. The programme has been implemented in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (“MAR”) (save for the rules on share buyback programmes set out in MAR article 5) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. Trading dayNumber of shares bought backAverage transaction priceAmount DKKAccumulated trading for days 1-25478,1001,023.01489,100,86026:3 June 20247,0001,050.597,354,13027:4 June 20245,0001,055.705,278,50028:6 June20243,0001,096.273,288,81029:7 June 20244,0001,106.174,424,68

Landsbankinn hf.: Offering of covered bonds11.6.2024 11:16:36 CEST | Press release

Landsbankinn will offer covered bonds for sale via auction held on Thursday 13 June at 15:00. An inflation-linked series, LBANK CBI 30, will be offered for sale. In connection with the auction, a covered bond exchange offering will take place, where holders of the inflation-linked series LBANK CBI 24 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the bonds is predefined at 99,594. Expected settlement date is 20 June 2024. Covered bonds issued by Landsbankinn are rated A+ with stable outlook by S&P Global Ratings. Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.

Relay42 unlocks customer intelligence with a new insights and reporting module, powered by Amazon QuickSight11.6.2024 11:00:00 CEST | Press release

AMSTERDAM, June 11, 2024 (GLOBE NEWSWIRE) -- Relay42, a leading European Customer Data Platform (CDP), is leveraging Amazon QuickSight to power its new real-time customer intelligence, reporting, and dashboard module. Harnessing the breadth and quality of customer data, the new Insights module empowers marketing teams to dive deep into customer behaviors and gain invaluable insights into the performance of their marketing programs across all online, offline, paid, and owned marketing channels. Preview of the Relay42 Insights module, in pre-beta version Key capabilities of the Relay42 Insights module include: Deep insights into customer behaviors: With the Relay42 Insights module, marketers can ask unlimited questions about their data and gain a deeper understanding of how to serve their customers more effectively. Simplicity with AI-powered querying: Marketers can use artificial intelligence to query their data using natural language search, reducing the reliance on data scientists. Us

Metasphere Labs Announces X Spaces Event on the Topic of Green Bitcoin Mining and Sound Money for Sustainability11.6.2024 10:30:00 CEST | Press release

VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere Labs" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is thrilled to announce an engaging Twitter Spaces event on Green Bitcoin mining, energy markets, and sustainability on July 3, 2024 at 2 p.m. ET. Follow us on X at MetasphereLabs for updates and to join the event. What We'll Discuss Bitcoin Mining Basics: Understand the fundamentals of Bitcoin mining.Energy Market Dynamics: Explore how Bitcoin mining interacts with energy markets.Sustainable Innovations: Learn about our efforts to promote sustainability in Bitcoin mining.Sound Money: Discover how tamper-proof currency can enhance stability.Efficient Payment Rails: See how fast, neutral payment systems support humanitarian projects.Carbon Footprint: Compare Bitcoin's environmental impact with traditional banking. "We're excited to host this event and dive into the critical topics of Bitcoin

HiddenA line styled icon from Orion Icon Library.Eye