Thales completes takeover of Gemalto

Tuesday 2 April 2019 00:10 CET | News

French aerospace-and-defence group Thales has completed a EUR 4.8 billion takeover of Dutch rival Gemalto.

The takeover, which has been in the works for 15 months, creates a group that will cover the entire critical decision chain in a digital world, Thales said. Moreover, the deal will boost its revenues to EUR 19 billion and self-funded research and development to EUR 1 billion a year.

Gemalto will now form one of Thaless seven global divisions, to be named Digital Identity and Security. Thales posted sales of EUR 15.86 billion and net profit of EUR 982 million in 2018.

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Keywords: Thales, Gemalto, acquisition, online security, fraud prevention, online security, digital identity
Countries: World