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- Italy's Leonardo becomes biggest shareholder of Finland's SSH with stake purchase</p>
<p>Anne KauranenJuly 1, 2025 at 2:29 AM</p>
<p>By Anne Kauranen</p>
<p>HELSINKI (Reuters) -Italy's Leonardo will buy a 24.55% stake in Finland's SSH, making it the latter's biggest shareholder as it expands its cyber security business with this new strategic partnership, the companies announced on Tuesday.</p>
<p>The Italian aerospace and defence group sees cyber security as key for its development and expects double-digit growth in it in the coming years.</p>
<p>The chair of Leonardo, Stefano Pontecorvo, told Reuters recently that the cyber security arena has become essential in new, interconnected multi-domain warfare systems, underscoring the strategic significance of the acquisition.</p>
<p>The deal, subject to conditions, consists of a 20 million euro share issue by SSH to Leonardo, after which Leonardo would be SSH's largest shareholder, SSH said. The current largest owner, Accendo Capital, will continue to hold 20.87%.</p>
<p>SSH offers technologies for securing activities in hybrid cloud environments, including quantum-safe encryption.</p>
<p>"The agreement combines SSH's technological expertise with Leonardo's technologies and solutions, advanced assets and services, and domain-specific knowledge," Leonardo's Chief Executive Roberto Cingolani said in a statement.</p>
<p>The initiative represents a significant step towards the development of a "Made in Europe" Zero Trust ecosystem, Leonardo said, referring to a cyber security approach in which no one can be trusted with access to data.</p>
<p>(Reporting by Anne Kauranen in Helsinki and Giulia Segreti in Rome;Editing by Bernadette Baum)</p>
Source: AOL Money
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