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French aerospace and defense electronics group Thales said it had completed its previously announced 4.8 billion euros ($5.4 billion) takeover of chipmaker Gemalto, boosting Thales' presence in the booming security services market. Thales had to clear various regulatory hurdles before finally completing the deal, and the company reiterated that buying Gemalto would increase its overall revenues and lift its presence in Latin America, north America and Asia. "Together, we are creating a giant in digital identity and security with the capabilities to compete in the big leagues worldwide," said Thales Chairman and Chief Executive Patrice Caine in a statement on Tuesday.
The U.S. Justice Department said on Thursday it was requiring Thales SA to divest its general purpose hardware security module (GP HSM) business in order for Thales to proceed with its proposed acquisition of Gemalto NV. French defense electronics maker Thales and Netherlands-based chipmaker Gemalto are the world's leading providers of GP HSMs, which generate keys and encrypts data, and are significant direct competitors in the United States, the Justice Department said in a statement.
PARIS (Reuters) - French defence electronics group Thales forecast higher sales and profits for 2019 as it posted a rise in its full-year earnings. Thales' 2018 earnings before interest and tax (EBIT) ...
By Foo Yun Chee BRUSSELS (Reuters) - French aerospace and defence company Thales (TCFP.PA) is on track to secure conditional EU antitrust approval for its 4.8-billion-euro (4.1 billion pounds) bid for ...
PARIS/BRUSSELS (Reuters) - Thales (TCFP.PA) has offered concessions to address European Union antitrust concerns over the French aerospace and defence firm's 4.8-billion-euro ($5.6 billion) bid for chipmaker Gemalto (GTO.AS). In July, the European Commission began a full-scale investigation into the deal, which Thales hopes will make it a top player in digital security, saying that it could push up prices and reduce choices for customers. Thales, whose largest shareholder is the French state, said it had put concessions to the EU competition enforcer, after earlier disclosing talks with antitrust agencies.
NEW YORK, NY / ACCESSWIRE / August 31, 2018 / Gemalto N.V. (OTC PINK: GTOFF ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 31, 2018 at 3:00 PM Eastern Time. ...
The European Commission on Monday said it had opened an in-depth investigation into the 4.8-billion-euro ($5.62 billion) purchase of digital security company Gemalto by French aeronautics and space group Thales. "The Commission is concerned that the merger could lead to higher prices and reduce choice and innovation for customers of hardware security modules," the Commission, which acts as the competition enforcers in the European Union, said. Reuters reported last week that such an investigation would take place.
French aerospace and defence group Thales' 4.8-billion-euro ($5.6 billion) plan to acquire chipmaker Gemalto to become a top-three global player in digital security faces a full-scale EU probe, two people familiar with the matter said on Thursday. Thales, whose largest shareholder is the French state, outbid French peer Atos with a higher offer for the Franco-Dutch company in December. State-owned bank Bpifrance is Gemalto's second-biggest shareholder.