HomeBusinessSabanci Acquires OT Security startup Radiflow

Sabanci Acquires OT Security startup Radiflow

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Israeli OT cybersecurity startup Radiflow has announced that it is being acquired in a two-phase process by Sabanci Group.

The initial phase entails a $45 million primary and secondary investment in several installments to reach a majority stake in Radiflow. In the second phase, Sabanci intends to acquire a 100% stake in Radiflow by 2025.

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As a part of the agreement, Sabanci Group will buy a 51% controlling stake in Radiflow and will buy the remaining 49% stake in Q1 2025.

A recent increase in demand for comprehensive OT cybersecurity solutions has allowed Radiflow to rapidly expand across the US and Europe, doubling its sales in 2021. This growth was based on the launch of a first-of-its-kind platform, CIARA Risk Management, which provides OT facilities with data-driven digital risk assessment by conducting breach attack simulations without having an impact on physical operations. Common in the IT world, this new digitized capability allows for cybersecurity officers (CISOs) to monitor their cyber risk posture in multiple facilities simultaneously and prioritize their security roadmap plans.

Winning multiple awards and contracts from private and government organizations, CIARA has grown Radiflow’s business to protect critical government infrastructure and manufacturing facilities. “This acquisition will allow us to enhance our portfolio and strengthen our positioning in critical industries,” said Ilan Barda, CEO of Radiflow. “We are excited that Sabanci selected Radiflow to materialize its digital transformation growth plan, and we are confident that this transaction will enable Radiflow to continue its growth in the fast-growing OT Security market.”

This acquisition provides Radiflow with a unique position in the OT security market. By leveraging the extensive industrial footprint of the Sabanci Group, Radiflow plans to further optimize its OT security offering. Barda added, “We believe that the next phase in OT Risk Management is based on industry benchmarks, and our collaboration with the Sabanci group subsidiaries will provide us in-depth insights to various industrial sectors and will enable us to continue and provide our customers leading-edge solutions.”

Sabanci Holding plans to create a digital business pillar focused on Advanced Analytics, IoT, and Cybersecurity.

“We will strengthen Sabanci Group companies’ global position through the power of technology. We will pioneer projects and practices that will make a significant global impact in the ‘new economy, particularly in digital technologies. The acquisition of Radiflow, a global player in cyber security with a proven track record, is a key step in the materialization of our strategic plan in the digital sphere. We, as Sabancı Group, are very pleased to add a global cyber security company serving in various markets with great human capital and strong partnerships in our portfolio.” said Kıvanç Zaimler, chairman of Dx Technology Services and Investment BV (DxBV), a newly established subsidiary of Sabancı Holding.

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COP28 UAE: SANY Promotes Green Manufacturing Transformation, Takes Concrete Action to Tackle Climate Challenges

CHANGSHA, China, Nov. 23, 2023 /PRNewswire/ -- SANY Group, ("SANY"), a globally leading enterprise of the high-end equipment manufacturing industry, is accentuating advancing sustainable development and the green manufacturing transformation of the heavy machinery industry, ahead of the COP28 UAE, that is set to take place from November 30 to December 12 in Dubai. The theme of the 13-day program this year is "Actionism," calling for people to rise to meet the climate change challenges.

The COP28 will center on four major paradigm shifts – namely accelerating the transition from fossil fuels, agreeing on climate finance shifts, emphasizing the role of people and nature in climate action, and ensuring the summit is an inclusive event that women, indigenous people, local communities, youth, countries and more can all be a part of.

SANY is responding actively and positively to the summit's agenda with concrete actions to promote the transformation of green manufacturing, bringing sustainable solutions to the industries of mining, construction, wind power, and more.

Taking green actions to build a sustainable future

SANY is vigorously expanding the use of green energy (renewables such as solar and wind) in production processes to reduce the reliance on traditional energy sources, lower carbon emissions, and support climate change actions. It has adopted multiple initiatives, especially in accelerating the R&D and application of wind energy, hydrogen, and electrification solutions, and achieved significant results.

SANY's subsidiary SANY Renewable Energy has been investing in and constructing wind farms to boost the proportion of wind power in the energy structure, through intelligent upgrades in manufacturing and creating intelligent workshops. By doing this, SANY Renewable Energy has reduced the overall unit energy consumption and carbon emissions by 15 percent compared to pre-upgrade.

In 2022, SANY has added more than 3,000 energy metering connections. SANY built China's first intelligent mixing station park and invested 3.22 million yuan in photovoltaic construction that will produce 900,000 kWh of power annually. The park will cut 887 tons of carbon emission, 242 tons of dust emissions, 26.7 tons of sulfide, and 13.4 tons of nitric oxide to achieve synergetic development of intelligent manufacturing and environmental conservation.

A total of 11 subsidiaries of SANY have installed photovoltaic power generation equipment, with clean energy usage amounting to 16.013 million kWh.

SANY is actively engaged in the R&D of hydrogen fuel cell technology to improve battery efficiency, reduce cost, and boost the production and storage capabilities, while expanding the applications of hydrogen energy.

Innovation-driven climate action tackles industry bottlenecks

Through establishing a green supply chain, SANY adopts renewable materials and environmentally friendly technologies to reduce resource waste and improve the sustainability of the supply chain.

SANY continues to improve the long-term mechanism for pollution prevention and control, strengthen the control of waste emissions including water, gas, and other hazardous substances, and be cautious of business and operation actions that could damage the ecological environment. In 2022, the group's wastewater and gas emissions met the standard rate of 100 percent, with a 100 percent compliance rate for hazardous waste disposal.

The group is also pushing for using environment-friendly materials to minimize pollution, so that the carbon reduction throughout the product life cycle also includes materials. In 2022, its VOCs emission density was 0.0011 tons per million revenue, a 39.71 percent reduction from the base year.

Meanwhile, the continuous upgrade of production techniques and processes, promotion of energy conservation technologies, and advancement of low-carbon technology development are not only playing key roles in improving production efficiency, but also reducing carbon footprint and aims to reach the "dual-carbon" goals.

Calling for the public's participation

SANY has been carrying out training programs and campaigns centered on environmental protection for employees, while further raising community engagement in terms of green, low-carbon, community-friendly, and educational innovation agendas. In 2022, the company employees completed 687.4 hours of volunteer work, and SANY invested 9.75 million yuan in the year to support 15 public welfare projects.

SANY Construction Industry is leading the green technology application in urban infrastructure construction to accelerate the sustainable development of cities and building intelligent cities, green transportation systems, and energy-conserving architectures to reduce energy consumption, improving urban environment quality and people's livelihoods.

In terms of biodiversity and sustainable development, SANY emphasizes the conservation of soil, ocean, crops, and animals to create a better future, and advocates a circular economy to decrease the waste of resources.

In the context of increasingly severe issues of global climate change, SANY, as a leader in the green industry, is committed to promoting sustainable development and actively joining global efforts to address climate change through comprehensive initiatives such as green supply chains, green energy, and carbon emission reduction.

For more information about SANY Group, please visit www.sanyglobal.com or follow us on Facebook or YouTube.

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