Terma agrees to acquire Dencrypt
Terma acquires Dencrypt to enhance its sovereign secure communications capabilities for defense and government sectors using Danish cryptographic technology.
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Developer of mission-critical defense and security technologies
terma.comLast updated
In short: Terma achieved record financial growth, acquired Dencrypt, and secured a major contract for Denmark's nationwide counter-drone system.
Terma acquires Dencrypt to enhance its sovereign secure communications capabilities for defense and government sectors using Danish cryptographic technology.
The company delivers AI models for target recognition and data fusion to strengthen NATO's surveillance capabilities across the Arctic and Baltic Sea.
The agreement explores future development cooperation across defense technologies and capabilities.
Revenue grew 16% to 3.4 BDKK, operating profit rose 22% to 396 MDKK, and order intake increased 43%.
The system is to strengthen Denmark's ability to detect and respond to drone threats.
With the acquisition, Terma will expand its business within secure communication and encryption. The ambition is to make Dencrypt's Danish technology a market-leading solution on a...
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