F-Secure will be divided into F-Secure and WithSecure.
SECURITY COMPANY F-Secure’s Board of Directors proposes a division of the company. According to the Board’s proposal, the consumer business will be separated from the parent company into a separate company.
The Board also proposes that it be listed on the Helsinki Stock Exchange.
HS announced its intentions in August 2021.
According to a press release sent by the company on Thursday morning, the business name of the new independent company will be F-Secure. The corporate information security business will remain in the current company. It will be renamed WithSecure.
F-Secure’s Board of Directors believes that the demerger will enable shareholder value to be created for both companies. According to the company’s Board of Directors, the division will also enable companies to provide better customer service.
The arrangement will be implemented as a partial demerger of the Company. The shares of F-Secure, which will be established, will therefore be issued to shareholders. Shareholders will receive one F-Secure share for each existing share as demerger consideration.
The intention is to elect a new F-Secure Chairman of the Board Pertti Ervi and as CEO Timo Laaksonen. The demerger will be decided by the Annual General Meeting in May 2022.
has decided to initiate an investigation into the possible listing of the company’s consumer business as a separate company on the Helsinki Stock Exchange.
If the plan materializes, F-Secure will increasingly specialize in enterprise security products and consulting.
The plan can be considered expected, as the company has for many years invested heavily in the corporate business, where growth has been stronger than in the consumer business.
“The business and consumer business have different dynamics: business customers are looking for completely different solutions than consumers. We have also decided that corporate products and services will have their own brand, ”says Juhani Hintikka, President and CEO.
On Tuesday, the company’s share price on the Helsinki Stock Exchange rose by 12 per cent to EUR 4.79.
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