Bank of America Plans to Acquire UK Cybersecurity Consultancy MDSec
Summary
Bank of America plans to acquire UK-based information security consultancy MDSec, which has about 65 employees. The deal is expected to close in Q4 2026, subject to regulatory approval; financial terms were not disclosed.
Key points
- MDSec is headquartered in Macclesfield, England, and provides technical information security consulting.
- The consultancy employs approximately 65 cybersecurity professionals.
- The acquisition would expand Bank of America's presence in northern England, where it also operates a cyber threat operations center in Chester.
- MDSec co-founder Dominic Chell said the deal would support the firm's security capabilities and technical innovation.
- The transaction is expected to close in Q4 2026, subject to regulatory approvals; financial terms were not disclosed.
Article Details
- Event Type
- Planned acquisition of MDSec Consulting Limited by Bank of America
- Impact
- The acquisition is expected to expand Bank of America’s presence in northern England and add MDSec’s approximately 65 cybersecurity professionals. The transaction is expected to close in the fourth quarter of 2026, subject to regulatory approvals; financial terms were not disclosed.