(Alliance News) - Sesa Spa on Monday announced that it has signed an industrial partnership agreement and acquired, through its wholly owned subsidiary Var Group Spa, a 51 percent stake in Wise Security Global SL, thus strengthening its distinctive digital security expertise.

Wise Security - with offices in Barcelona, Bilbao, Madrid, Pamplona and Zaragoza and a workforce of 120 human resources - specializes in cybersecurity, providing Cyber Security services and internally developed Definitive ID and Digital Evidence solutions based on Blockchain technology, with a customer set of leading Enterprise and Banking and Insurance clients.

"We are delighted to welcome Wise Security Global's human resources and organization to the Sesa Group, with the aim of enhancing their skills and further enriching our offering in such a strategic development area as IT security, with more than 600 human resources specialized at the group level on the entire IT security supply chain. We will continue to nurture our growth path through bolt-on industrial M&A, supporting the Italian economy in a crucial phase of digital evolution, with objectives of sustainable and long-term value generation for our stakeholders," said Alessandro Fabbroni, CEO of Sesa.

Sesa on Monday trades in the red by 0.4 percent at EUR114.00 per share.

By Maurizio Carta, Alliance News reporter

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