Sababa Security and HWG joined forces consolidating their position in cybersecurity

Fineurop Soditic acted as exclusive financial advisor to HWG S.r.l. in the launch of a voluntary tender offer for the shares of Sababa Security S.p.A. representing 31.363% of the share capital.

Sababa Security S.p.A.

Founded in 2019 and headquartered in Milan, Sababa Security operates in the cybersecurity sector and provides an integrated and customized offer of security products and services for the protection of IT/OT networks against cyber, physical, and cyber-physical threats.

Established in Verona in 2008, HWG provides cyber security solutions in more than 20 countries worldwide, protecting the mission-critical systems of customers in high-risk sectors such as government, finance, fashion, automotive, telco, manufacturing, and oil & gas.

HWG has been controlled by Investcorp Technology Partners since last year.

The voluntary tender offer announced by HWG in January 2023, was aimed at the delisting of Sababa Secuity shares listed on Euronext Growth Milan.

In May 2023, HWG completed the acquisition and consequently the Sababa shares will be delisted from the Italian Stock Exchange.

The integration of Sababa and HWG aims at creating a leading player at Italian and European level able to cover all strategic areas of cybersecurity.