BAE acquires cyber business

22nd Dec 2010 11:33

Defence equipment supplier BAE Systems is acquiring a Denmark-based business specialising in providing products that help the police fight cyber crime. BAE is paying DKK1.2bn (£137m) for ETI A/S (www.etiglobal.net), which was founded in 1985. Revenues were DKK347m (£40m) in the year to June 2010. There are operations in Denmark, UK, US, Middle East and Asia. ETI supplies advanced diagnostic and data analysis products that are used by law enforcement agencies. They can also be used by telecoms companies to find problems in their systems. The acquisition is conditional on regulatory approval and is due to complete in the first quarter of 2011.