Deal Snapshot
Schwarz Group Acquires Israeli Hybrid Cloud Cybersecurity Firm XM Cyber
Wednesday 24 November 2021

Germany-based retailer Schwarz Group has acquired Israel-based cybersecurity firm XM Cyber, the company said.

The deal is worth around USD 700m. XM Cyber will continue to operate independently, offering its suite of products under its current brand and support structure. With the rise of digitalization, security is paramount to protecting growing ecosystems. Cyber-attacks such as the infiltration of ransomware into the IT infrastructure of companies can cause major damage.

Date Published: 24/11/2021