SECHER SECURITY acquired by MOMENTUM
Context
Momentum, operating as a portfolio company of the US-based private equity fund Court Square Capital, has executed the acquisition of Secher Security. The transaction was structured as a strategic add-on investment to bolster Momentum's existing technological capabilities. This operation is highly value-accretive, designed to aggressively accelerate Momentum’s EMEA growth trajectory. Following the integration of Horizon Telecom in early 2024, deploying dry powder for Secher Security establishes a deeply complementary synergy. It cross-pollinates Momentum’s expansive network reach with Secher’s niche cybersecurity expertise, fulfilling a core strategic objective to deliver a comprehensive, globally integrated connectivity and security suite while solidifying market share in the Nordic region. This acquisition highlights the growing imperative for telecommunications providers to own proprietary security layers, setting a benchmark for future convergence plays in the rapidly shifting European digital landscape.
SECHER SECURITY, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (15.3x).
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Target
Secher Security is a Denmark-based specialist operating within the advanced information technology ecosystem. The organization engineers and delivers complex cybersecurity methodologies and network management solutions tailored for enterprise clients. Specifically, the firm acts as a premier partner for Cato Networks, possessing deep technical proficiency and extensive knowledge regarding its SASE (Secure Access Service Edge) platform and next-generation threat protection architectures. The enterprise operates as a recognized specialist within the European secure connectivity landscape, holding a highly defensible position primarily within the Nordic region. Its unique positioning is anchored by its status as one of the earliest global partners for Cato Networks, granting it a distinct competitive moat compared to generalized IT integrators. Regarding its economic model, the firm leverages high-value consulting and integration services, generating recurring revenue streams through continuous threat monitoring and localized network defense management.
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REFERENCES
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Press release: view release
Target: secher security
Acquirer: momentum