Overview
- Bank of America announced the planned purchase in a company press release and said the transaction is conditional on regulatory sign‑offs.
- MDSec is a Macclesfield‑based information security consultancy of about 65 staff that focuses on deep technical security testing and advisory work.
- The bank framed the deal as an addition to its existing northern England footprint, where it already employs over 1,400 people in nearby Chester and runs a cyber threat operations centre.
- The press release gave no financial terms or integration timetable beyond saying the deal is expected to close in the fourth quarter of 2026 if regulators approve it.
- Bank of America and MDSec leaders said the acquisition aims to boost the bank’s UK and global cyber capabilities, which could strengthen local tech jobs and speed up in‑house security testing for the bank’s services.