About This Deal

Fortinet acquired Alaxala Networks Corporation for $64.2 million, a transaction announced in August 2021.

Acquired a 75% controlling stake in the Japanese network hardware maker to broaden secure-switch offerings integrated with FortiGate; Fortinet later bought the remaining 25% on 2022-10-03 for $13.5 million.

Acquired a 75% controlling stake in the Japanese network hardware maker to broaden secure-switch offerings integrated with FortiGate; Fortinet later bought the remaining 25% on 2022-10-03 for $13.5 million.

Deal Terms

Acquirer
Fortinet
Target
Alaxala Networks Corporation
Value
$64.2 million
Date
August 2021
Type
Full acquisition
Status
Completed

Transaction Details

Announced
August 31, 2021

In Their Words

On August 31, 2021, we closed an acquisition of 75% of equity interests as controlling interests in Alaxala, a privately held network hardware equipment company in Japan, for $64.2 million in cash.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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