Leonardo to Acquire Finnish Cyber-Security Firm SSH Communications

Leonardo has announced a investment and partnership with SSH Communications Security Corporation, acquiring a 24.55% stake in the Finnish cybersecurity firm for €20 million through a directed share issue.

According to Leonardo, the investment is priced at €1.50 per share, representing a 49.6% premium over SSH’s recent average share price. Upon completion, Leonardo will become SSH’s largest shareholder, surpassing the current top investor, Accendo Capital.

The deal also establishes a global strategic partnership (excluding the Nordic region), granting Leonardo exclusive rights to integrate SSH’s flagship solutions PrivX (Privileged Access Management) and NQX (quantum-safe encryption) into its cybersecurity offerings for the defense, government, and critical infrastructure sectors.

Together, the companies aim to build a “Made in Europe” Zero Trust ecosystem.

“This acquisition supports our industrial plan and positions Leonardo as a reference point for Zero Trust revolution in Europe,” said Roberto Cingolani, CEO of Leonardo.

The transaction is subject to shareholder approval and regulatory clearance in Finland.