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Thales completes acquisition of Guavus

By VARINDIA    2017-09-12

 

 

Thales has finalized the acquisition of U.S. company Guavus, a pioneer in real-time Big Data analytics. Headquartered in San Mateo, California, in the Silicon Valley, Guavus employs 250 people, of which 140 are based in Gurgaon (India), 60 in California and 50 in Montreal (Canada).

 

Guavus is perfectly suited to help Thales address the growing needs of an increasingly connected global ecosystem. The company has built a recognized industrial “big data” platform, particularly adapted to real-time analytics and designed to be easily implemented across any number of new markets.

 

Its revenues are expected to exceed US$30 million for the current fiscal year. The impact of this acquisition on Thales’s 2017 EBIT should be non-material. This business will be assigned to the Defence and Security operating segment.

 

Post acquisition, Thales strengthens its positioning in one of the key technologies at the heart of digital transformation of its customers.

 

Patrice Caine, Thales’s Chairman and CEO, commented, “Thales is very excited that this acquisition has now closed and welcomes Guavus’s talents as part of its family. Combined with our established expertise in other key digital technologies, the acquisition of Guavus represents a tremendous accelerator of our digital strategy for the benefit of all our customers, whether in aeronautics, space, rail signalling, defence or security.”

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