Fox-IT eyed by KPN - report (translated)
26 AUG 2017
Fox-IT, the Dutch cybersecurity company, is being eyed by telco KPN [AMS:KPN], De Telegraaf reported, citing unnamed sources.
Fox-IT is the prime provider of cybersecurity solutions for Dutch banks and the government of the Netherlands, the report noted.
KPN's overtures are still in the preliminary phase, the item added, as it is yet unclear whether the company is actually up for sale. The telco has not yet reached out to NCC Group [LON:NCC], Fox-IT's current owner.
The target's turnover stood at EUR 30m in 2015, the item added.
KPN and NCC Group would not respond to a request for comment by the Dutch-language newspaper.