WithSecure has completed the transaction of Cyber security consulting divestment to Neqst

Core Points - WithSecure Corporation has completed the divestment of its cyber security consulting business to Neqst, a Swedish investment company [1][2] - The transaction was finalized on 31 May 2025, with a cash payment of EUR 13.5 million, which is 60% of the agreed enterprise value of EUR 22.5 million, after deducting the transferring net assets [2] - The remaining 40% of the purchase price is variable and will be based on the business performance in 2025 and 2026, payable in two installments at the beginning of 2026 and 2027 [2] - Approximately 230 employees from various countries including Finland, UK, Sweden, Denmark, Singapore, Italy, and the US will transfer to Neqst as part of the transaction [3] - The divestment allows WithSecure to focus on its Elements strategy, aiming to become a leading player in European cybersecurity [3]