Leading cybersecurity company WISeKey and leading German technology company arago, have reached an agreement for WISeKey to acquire a majority interest of 51% in arago. The deal involves the conversion of loan commitments and guaranteeing the arago existing indebtedness.
The acquisition of a controlling interest in arago is the first step in the overall transaction that would lead to a combination of the businesses of WISeKey and arago. The successive completion of definitive agreements would depend on securing the necessary regulatory and other standard authorizations and listing the new WISeKey Class B shares.
Previous transactions have determined arago’s net value at around CHF 100 million.
